Why advice is sometimes best behind closed doors
CHRISTINE Lagarde, managing director of the International Monetary Fund, may be complicating decision-making over a US interest rate rise through last week's advice to the Federal Reserve to hold off a rate hike to early 2016.
She may not have done much good, either, to her chances of re-election when her five-year mandate ends in July 2016.
Whether or not Ms Lagarde wishes to run for a second term is open to conjecture. Support among advanced and emerging economies alike for a new managing director - this time from Asia, Latin America or Africa - may be stoked by a feeling that the Fund has not always played a steady hand during unfolding economic debates.
KEYWORDS IN THIS ARTICLE
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Columns
‘Competition for talent’ a poor excuse to keep key executives’ pay under wraps
OCBC should put its properties into a Reit and distribute the trust’s units to shareholders
Why a stronger US dollar is dangerous
An overstimulated US economy is asking for trouble
Too many property agents? Cap commissions on home sales
Time to study broadening of private market access