Rato urges caution as global rates set to rise

IMF Managing Director Rodrigo Rato said on Thursday 20 October that global interest rates are set to rise and investors must take that into account.

Rato said long- and short-term rates worldwide were very low and there was a danger of cheap credit making for risky decisions.

"We have to be aware that some of these matters could be leading to inefficient, or in some cases dangerous, decisions. There is a search for profitability which could have very expensive consequences in the banking and fi