Lagarde: Use all tools for stability and growth

Even though the world has made marked progress in financial regulation since the 2008 crisis, relaxing supervision now would be a mistake, Christine Lagarde, managing director of the International Monetary Fund said on Saturday.

Lagarde said that all tools available should be used to promote financial stability and stimulate growth, warning that the world could see the slowest growth since 2008 this year.

The tools to which she referred include fiscal and monetary policies, as well as some structural reforms.