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Nothing cold about sub-zero rates, IMF researchers find

Nothing cold about sub-zero rates, IMF researchers find

Negative interest rates imposed by central banks have generally worked as a tool to boost inflation, pulling down yields and sometimes weakening currencies, International Monetary Fund research has concluded.

IMF forecasts 0.8% economic growth for Nigeria

IMF forecasts 0.8% economic growth for Nigeria

THE International Monetary Fund (IMF), yesterday, said Nigeria is expected to emerge from recession this year with an economic growth of 0.8 percent, but warned that threats to recovery remained elevated, and that the economy will not grow enough to reduce unemployment and poverty. The IMF, therefore, advised the Federal Government to pursue a policy of fiscal consolidation through higher non-oil revenues, to ensure stability in growth.

Zimbabwe yet to reach debt deal with foreign lenders — IMF

Zimbabwe yet to reach debt deal with foreign lenders — IMF

ZIMBABWE is yet to reach a deal with the World Bank and other foreign lenders over clearing arrears and implementing reforms, the International Monetary Fund said, warning that reliance on raising money domestically could further fan inflation.