IMF’s Blanchard: Interest Rates Should Stay Low » financialsurfer.com

IMF’s Blanchard: Interest Rates Should Stay Low

February 1st, 2010 | Category: Economy
Central banks should keep interest rates very low, the International Monetary Fund ’s chief economist Olivier Blanchard says in an interview to appear in Tuesday’s edition of French business daily Les Echos. “It is essential, and for as long as necessary. So long as there is no recovery in private demand, it is absolutely vital–maybe even beyond 2010,” Blanchard says when asked if central banks should keep rates at very low …

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