Thursday, June 21, 2007

UPDATE 1-Must take care in determining FX misalignments-IMF

(Reuters) - In a statement summarizing a meeting last week at which the
IMF agreed on an overhaul of its currency surveillance
framework, the IMF board said there were "considerable
measurement uncertainties" in determining whether a currency
was fundamentally misaligned.




Under its new surveillance framework, fundamental
misalignment of a currency could lead the IMF to scrutinize a
country's exchange rate policies more closely.


Read more at Reuters.com Bonds News

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