Christine Lagarde, managing director of the International Monetary Fund, said central banks' exits from their stimulus policies should be carefully planned to avoid shocks to the financial system. "The real question is for how long, when to gradually phase it out, when is the economy strong enough and demonstrably so, so that this unconventional monetary policy can be revised," Lagarde said. "The unwinding needs to be carefully phased, planned, communicated."

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Bloomberg, Reuters

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