IMF praises rate cuts

By Berni | October 8, 2008

Oct. 8 – The International Monetary Fund top economist praised a series of interest rate cuts but said more cuts may be needed.

Just before the IMF news conference, the U.S. Federal Reserve led a coordinated round of rate cuts, easing by a half percentage-point along with the European Central Bank, Bank of England, Switzerland, Canada and Sweden. Deborah Lutterbeck reports from Washington.SOUNDBITES: IMF chief economist Olivier Blanchard

IMF praises rate cuts

questions

  1. What was led by the US Reserve?
  2. What kind of ‘step’ was this?
  3. What may still be needed?
  4. What was unprecedented?
  5. What does the IMF hope?
  6. What is happening to some industrialised nations?
  7. What did the IMF offer?
  8. What will governments be forced to adopt?
  9. How possible is the risk of a great depression?
  10. Where will the United States and Europe be according to IMF forecasts?

check your answers

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