IMF's Lagarde says market volatility is a reminder of economic transition

IMF head Christine Lagarde speaks in Jakarta

  • Calls for more reforms to boost economic resiliency
  • Central banks need to stay vigilant as uncertainty remains over impact of monetary policy normalisation in advanced economies
  • Says that "time to repair the roof is when the sun is shining"
  • "Repairing the roof" also means using fiscal reforms to generate higher public revenues and improve spending

Further to her earlier comments here. She's mainly talking about economies and central banks within South East Asia, for what it's worth.

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