IMF says rate rises needed in the UK

The IMF said in its annual review of the UK economy, released on Thursday 18 December, that there was a need for more interest rate increases in the UK, warning of the dangers posed by a possible housing market crash. It called for "a gradual but early tightening of monetary policy" as the best means of achieving a soft landing in consumption and the housing market.

Source: Reuters

The International Monetary Fund has praised Britain's recent economic record as "enviable" but warned of the danger

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