IMF’s Lagarde defends central bank rate hikes

NUSA DUA, Indonesia: International Monetary Fund (IMF) chief Christine Lagarde on Thursday defended central bank rate hikes in a veiled rebuke to Donald Trump after the US president blamed “crazy” Fed policies for contributing to financial market turmoil. Lagarde spoke as a global market sell-off rolled into Asia following Trump’s comments, underscoring rising financial volatility that the IMF [...]

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