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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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 quantitative easing from banks in industrial nations since the global financial crisis, the world is stuck in a "new mediocre" growth pattern, IMF chief Christine Lagarde said on Thursday.
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