BRIEF

ROME: Accommodative monetary policy will remain necessary for as long as global growth remains weak, IMF managing director Christine Lagarde said in an article published today. With the global economy in a fragile state, central banks from Europe to China have cut interest rates in 2014, and the possibility of printing money to buy government bonds looms large in some places. "Accommodative monetary policy will continue to be necessary while growth remains anemic, although we must pay very close attention to the risk of potential spillover," Lagarde wrote in an opinion piece for Italian business daily. Six years after the 2008 financial crisis, the global economy risks falling into a prolonged period of slow growth and scant job creation, Lagarde said, calling for fresh political impetus to activate measures agreed by G20 countries last month.