Text of the communique of the International Monetary and Financial Committee, the steering committee of the International Monetary Fund, released on Saturday.
Link
But, it's the weekend ... so if you don;t want to sepnd it reading IMF communiques (and who can blame you) .... summary here:
- Warned of risks to the global economy from exchange rate shifts and geopolitical tensions
- Noted "moderate" global growth and "uneven prospects."
- Economies in developed countries have strengthened
- Some emerging nations are being hit by weaker commodity prices and export
- United States poised to hike interest rates .... moves toward "policy normalization" needed to be effectively communicated to reduce adverse impacts on other economies
More:
- Cites risks from shifts in exchange rates and asset prices, low inflation and geopolitical tensions
- Says "adequate policy buffers" in emerging markets can help address financial volatility as monetary policy shifts
- Says exchange rates should be allowed to respond to changing fundamentals
