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IMF warns there is little room for error by central banks in low-growth world

Lagarde urges structural economic reforms and Fed chair Yellen to stay her hand

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CRUNCH TIME: (From left) German Bundesbank president Jens Weidmann, People's Bank of China deputy governor Yi Gang and International Monetary Fund managing director Christine Lagarde at the G-20 group at the 2015 IMF/World Bank Annual Meetings in Lima, Peru, on Thursday.

Lima

CENTRAL banks have little room for error in a low-growth world in which over-leveraged and commodity-dependent emerging economies and a slowing China are major risks, top international financiers told the International Monetary Fund's meeting.

Despite US$7 trillion in