Thu, 01 Dec 2011 12:41:57 GMT
IMF embraces central banks' decision
Christine Lagarde, executive of the International Monetary Fund, has welcomed the joint decision of Fed and 5 other central banks to deliver cheaper dollar financing to European financials. According to Lagarde, yesterday's action indicates a high efficiency in international cooperation which has been positively evaluated in markets. IMF also has announced it will collaborate with central banks to support the measures they have