IMF'S Lagarde: Fed likely to start trimming bond purchases next year

WASHINGTON, June 14 Fri Jun 14, 2013 9:15pm IST

WASHINGTON, June 14 (Reuters) - The International Monetary Fund expects the U.S. Federal Reserve will trim the amount of bonds it buys every month beginning next year, the organization's chief said on Friday.

"In terms of our hypothesis for next year's (economic) forecast, I think we have assumed a very slight decline" in monthly purchases made by the Fed, IMF Managing Director Christine Lagarde told a news conference.