Lagarde urges the UK to consider further QE

The International Monetary Fund (IMF) has urged Britain to consider cutting interest rates below their already historically-low level and apply additional quantitative easing (QE) measures to stimulate growth.

The International Monetary Fund (IMF) has urged Britain to consider cutting interest rates below their already historically-low level and apply additional quantitative easing (QE) measures to stimulate growth.

IMF Managing Director Christine Lagarde and UK Chancellor of the Exchequer George Osborne gave a news conference in London today, which they discussed the economic situation in UK and the wider continent. She also suggested that it prepare a "Plan B" for deficit reduction in case the other measures failed.

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