Markets

IMF says currency war fears 'overblown'

WASHINGTON: The International Monetary Fund said Thursday that worries over currency wars are "overblown" and that it
Published February 14, 2013 Updated February 14, 2013 04:26pm

 

"On the so-called talk of currency wars which we feel is overblown," IMF spokesman Gerry Rice told reporters, "our multilateral assessment doesn't indicate very significant deviation from fair value for the relevant currencies."

 

 

Copyright AFP (Agence France-Presse), 2013