IMF’s Zhu tells ECB to keep the pedal to the floor

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  • Says ECB should not hesitate to use unconventional mon pol
  • Reiterates that eurozone expected to enter mild recession in 2012
  • The lack of a comprehensive fiscal plan for US is a major medium-term risk
  • US recover to remain tepid, housing prices could resume fall
  • If European crisis deepens, Chinese growth could fall 4 percentage points
  • Global liquidity has surpassed excess levels seen in 2007
  • In a separate report, the IMF said it’s uncertain if Ireland can fully return to bond market next year

Author: Adam Button

Adam Button is the managing editor of ForexLiveâ„¢. He was previously the chief currency strategist at XForex and has also worked with Intermarket Strategy. Adam believes there's an edge in knowing every tidbit of news. He was formerly the head of the markets team at the Canadian Economic Press and is a graduate of Ryerson University. Adam lives in Montreal, follow him on Twitter: @FX_Button.


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Adam Button


  1. Adam, please, a question here: Who is Zhu? Don’t we have enough people making statements for the only purpose of appearing in TV news or nespapers to let this unknown Zhu to jump on board?

  2. Adam, When do you think would be a good time to enter USD/JPY? I had booked profits near the recent highs from 77.3x and have a bid @79.80? Do you think it will revisit their again? Thanks.

  3. I meant; there* again?

  4. Deputy managing director, Min Zhu. . We was high up at the PBOC.

  5. Thank you Adam. He is more influential than I thought….There are so many people opening the mouth to appear on TV news shows and newspapers – specially in the Eurojail, where they seem to live in a nonsense contest – that it is hard to distinguish gold from copper…

  6. I completely understand, Reader. There are more than any of us can keep track of.


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