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Financial risks rising amid 'mediocre' growth: Lagarde

IMF chief also says recent wide movements in exchange rates can be destabilising for countries with large debts

Ms Lagarde: There are adverse side effects of the very low, or even negative, interest rates caused by accommodative monetary policies


RISKS to global financial stability are rising, and they are "migrating from advanced economies toward emerging markets", International Monetary Fund (IMF) managing director Christine Lagarde warned on Thursday.

Such risks, Ms Lagarde said, are mounting in the "new mediocre"