IMF warns central banks on oil prices

The head of the International Monetary Fund has warned central banks of the second round effects of high oil prices.

IMF managing director Rodrigo de Rato told a press conference that high oil prices were likely to continue in the near future and that their eventual impact on the world economy was unpredictable at the current time.

"We believe that the second round effects of oil prices have to be extremely looked at by central banks. So this is a moment in which the central banks have to be ve