IMF says Fed could keep rates at zero for much longer June 16, 2014 Fed chair Janet Yellen has suggested that the first US rate hike could come six months after the end of tapering quantitative easing (QE) – this would land in roughly April 2015. But the staff of the International Monetary Fund (IMF) say today that with a muted inflation outlook and full employment still some [...]
How the IMF got it wrong on austerity by ignoring psychology June 10, 2014 THE INTERNATIONAL Monetary Fund: wrong again. At the end of last week, the IMF abandoned its criticism of the UK government’s economic strategy. Christine Lagarde, the IMF chief, said her organisation had “underestimated” the strength of the recovery in Britain, and the IMF now believes that the UK will be the fastest growing of any [...]
Christine Lagarde grovels to Osborne over IMF’s prediction June 9, 2014 IMF BOSS Christine Lagarde yesterday gave a pleading apology to chancellor George Osborne over claims a year ago that his economic policies were “playing with fire.” Since the International Monetary Fund made the claims the economy has recovered rapidly, with unemployment diving and GDP now thought to be back at its pre-crash peak. “I completely [...]
London house price danger flagged by IMF review June 6, 2014 The UK's government has this morning received a far more glowing appraisal from the International Monetary Fund (IMF) than it has become used to. The supranational organisation has delivered its Article IV mission findings, noting that the UK's economy "has rebounded strongly and growth is becoming more balanced". Among its other points, the IMF lists [...]
IMF agrees $14-18bn rescue loan for Ukraine March 27, 2014 The International Monetary Fund (IMF) has announced it’s agreed a $14-18bn (£11.6-14.9bn) stand-by deal with Ukraine, which’ll unlock further aid of up to $27bn from the international community over the next two years. "The mission has reached a staff-level agreement with the authorities of Ukraine on an economic reform programme that can be supported by [...]
IMF set to hand Ukraine $15bn aid deal March 26, 2014 THE INTERNATIONAL Monetary Fund, led by Christine Lagarde, is expected to offer Ukraine an aid deal worth about $15bn (£9.05bn), the lower end of what the struggling interim government had asked for. The country’s state oil firm also announced plans to hike gas prices for consumers by 50 per cent in May.
IMF backs down from UK criticism as forecast hiked January 21, 2014 THE INTERNATIONAL Monetary Fund (IMF) has flipped its position on the UK economy, confirming a large positive revision to its forecast for this year’s economic growth. Having criticised chancellor George Osborne for “playing with fire” only eight months ago, IMF chief economist Olivier Blanchard said yesterday that the recent recovery is sustainable, explaining the IMF’s [...]