January 18, 2018 / 7:41 PM / 10 months ago

IMF's Lagarde says current German surplus not justified - ARD

FILE PHOTO - International Monetary Fund Managing Director Christine Lagarde speaks at a press conference to launch the publication of the 2017 Article IV assessment of the UK at the Treasury in central London, Britain, December 20, 2017. REUTERS/Stefan Rousseau/Pool

BERLIN (Reuters) - The current level of Germany’s trade surplus is not justified, IMF chief Christine Lagarde told German broadcaster ARD on Thursday, urging Berlin to increase its investments.

Lagarde also told ARD that the IMF supported the pursuit of loose monetary policies by the European Central Bank and all central banks as long as inflationary targets had not been met, adding, “but not forever.”

Reporting by Andrea Shalal; editing by Mark Heinrich

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