IMF's Rato says global rate rises healthy

Increases in global interest rates are healthy and policy makers and central banks need to keep a watchful eye on inflation, the head of the International Monetary Fund said in an interview with Reuters on Wednesday 24 May.

"The world economy has strong prospects of growth in this year and next year," the IMF's managing director Rodrigo Rato said.

"In many economies, the path of recovery is very strong and many economies are working at capacity," he added. "That, of course, also puts strains on