ECB should not look far ahead on rates - IMF

IMF chief economist Raghuram Rajan warned the European Central Bank on Wednesday 18 October not to have a predetermined plan for further increases in eurozone rates but to base decisions on economic data.

"The best advice for the ECB is to run a data to date policy, to let its policy be data dependent," Rajan told journalists.

ECB policy-makers have signalled that they are likely to hike rates to 3.50 pct from 3.25 pct in December.

Rajan said the economic outlook in Europe looks "very good", par

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