April 13, 2019 / 5:36 PM / 5 days ago

IMF chief calls for central bank accountability, communication

IMF Managing Director Christine Lagarde leaves the G-20 Finance Ministers and Central Bank Governors' meeting at the IMF and World Bank's 2019 Annual Spring Meetings, in Washington, April 12, 2019. REUTERS/James Lawler Duggan/File Photo

WASHINGTON (Reuters) - International Monetary Fund Managing Director Christine Lagarde said on Saturday accountability, transparency and effective communication were key components for central banks to be credible in delivering their mandates.

“Independence has served them well in the course of time and will continue to do so,” Lagarde said at a news conference when asked whether some central banks were facing threats to their independence in setting monetary policy.

Reporting by David Lawder and Leika Kihara; Editing by Paul Simao

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