IMF to Oppose U.S. Interest Rate Plan:...
From Times Staff and Wire Reports
IMF to Oppose U.S. Interest Rate Plan: The International Monetary Fund is set to side with Germany against an American call to lower world interest rates to spur economic growth. A senior IMF official said cutting interest rates could bring on inflation. The United States is expected to take its campaign for lower interest rates to the semi-annual meeting of the IMF and World Bank that starts in Washington this week.
More to Read
Sign up for Essential California
The most important California stories and recommendations in your inbox every morning.
You may occasionally receive promotional content from the Los Angeles Times.