20181010 GFSR PRESSER

ID

522506

DESCRIPTION
Edited Package
SHOTLIST
Nusa Dua, Bali, Indonesia – October 10, 2018

1. Wide IMF officials before briefing on Global Financial Stability Report
2. Mid journalists during briefing
3. SOUNDBITE: (English) Tobias Adrian, IMF Monetary and Capital Markets Director:
“Short-term risks to financial stability have increased, and risks in the medium term remain elevated. So, while there are reasons for optimism, this is no time for complacency.”
4. Mid IMF officials at briefing
5. SOUNDBITE: (English) Tobias Adrian, IMF Monetary and Capital Markets Director:
“The danger is that at some point, those trade tensions are going to adversely impact investor confidence, hence global financial conditions. And, we know from economic analysis that those confidence shocks can have significant adverse consequences for macroeconomic activity. So, there’s really a tight macrofinancial link that can give rise to downside risks.”
6. Close reporter asking question
7. SOUNDBITE: (English) Tobias Adrian, IMF Monetary and Capital Markets Director:
“In our assessment, tightening is going to continue so that is going to put further upward pressure on interest rates, further upward pressure on the dollar and, in general, financial conditions for emerging markets are expected to tighten going forward. So, that is going to trigger some outflows of capital that has flown very strongly from advanced economies to emerging markets in recent years.”
8. Mid reporters
9. SOUNDBITE: (English) Tobias Adrian, IMF Monetary and Capital Markets Director:
“What we worry about is when we see economies where housing prices are rising and household debt is rising at the same time and there is also potential for underwriting standards to deteriorate. So, our recommendation for many jurisdictions where we see such developments is to deploy prudential tools actively.”
10. Mid IMF officials at end of briefing
11. Wide IMF officials at end of briefing

10. Mid journalists
11. Wide IMF officials at end of briefing.
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