Article source
Bloomberg News
Article date
Wed, Apr 24, 2013
The International Monetary Fund said today that monetary policy should remain accommodative to boost growth in advanced economies, while complaints about competitive currency devaluation appear “overstated.”
“Unconventional policies continue to provide essential support to demand and have lessened bank vulnerabilities in advanced economies,” the Washington-based IMF said in a report. “But vigilance is needed to ensure that a prolonged period of low interest rates and expanding central bank balance sheets does not give rise to fresh financial excesses.”