World needs to cooperate on easy policy exit: World Bank
Published on Wed, Nov 11, 2009 at 11:59 | Source : Reuters
Updated at Wed, Nov 11, 2009 at 15:43
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World needs to cooperate on easy policy exit: World Bank
World Bank President Robert Zoellick said on Wednesday the world needed a cooperative approach to exit from easy fiscal and monetary policies and the timing for Asian central banks would depend on markets.
World Bank President Robert Zoellick said on Wednesday the world needed a cooperative approach to exit from easy fiscal and monetary policies and the timing for Asian central banks would depend on markets.
Speaking to reporters at the Singapore Foreign Correspondents Association, Zoellick also said there was some pressure on China to strengthen the yuan currency.
Stimulus measures and global imbalances will be on the agenda for Asia Pacific finance ministers and leaders meeting at an APEC summit in Singapore this week.
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