IMF managing director Christine Lagarde
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IMF tells UK to consider rate cut to boost growth

The International Monetary Fund (IMF) has said the UK's continuing economic weakness means authorities should consider more quantitative easing (QE) and even cutting interest rates.

Managing director Christine Lagarde told BBC Radio 4's Today programme that the IMF advises more monetary measures, such as buying bonds, and using the interest rates to encourage growth.

However, Ms Lagarde said she would not recommend fiscal easing as a first measure.

  • 22 May 2012