[NEWS] IMF chief calls for central bank accountability, communication – Loganspace AI

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[NEWS] IMF chief calls for central bank accountability, communication – Loganspace AI


IMF Managing Director Christine Lagarde leaves the G-20 Finance Ministers and Central Bank Governors’ assembly on the IMF and World Bank’s 2019 Annual Spring Conferences, in Washington, April 12, 2019. REUTERS/James Lawler Duggan/File Photo

WASHINGTON (Reuters) – International Monetary Fund Managing Director Christine Lagarde said on Saturday accountability, transparency and effective communication had been key scheme for central banks to be credible in handing over their mandates.

“Independence has served them properly within the route of time and would possibly well well proceed to end so,” Lagarde said at a news convention when asked whether or now now not some central banks had been facing threats to their independence in setting monetary coverage.

Reporting by David Lawder and Leika Kihara; Enhancing by Paul Simao

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