ECB is doing a good job: IMF's Obstfeld
|Maurice Obstfeld, the Economic Counselor and Director of Research at the International Monetary Fund (IMF), was quoted saying that the ECB is doing a good job and that we don't advocate any form pf premature tapering.
Key quotes:
• It's important to reach a mutually beneficial Brexit deal as quickly as possible
• German current account surplus is still large
• German could still do more to increase its investment in infrastructure
• There is a lot of uncertainty regarding US tax plans
• G20 finance ministers will discuss US tax plans in Germany this week
• Some proposals under discussion in US, such as border adjustment tax are likely to strengthen the dollar
• This could have a spillover effect on other economies via the FX rate channel
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