IMF to say Fed must prepare world for rate hike

The Federal Reserve must prepare the global economy for an interest rate hike to "avoid financial market disruption both domestically and abroad", the IMF is to warn this week according to a newspaper report.

The Financial Times quoted the main chapter of an International Monetary Fund report it had obtained as adding that the IMF will urge the European Central Bank to consider cutting interest rates owing to sluggish growth in the 12-nation eurozone.

The IMF's World Economic Outlook, to be

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