Rato: No strong inflation pressure in Europe, US

International Monetary Fund director general Rodrigo Rato said inflation remains relatively moderate in Europe and the US, and expressed his support for the policies of the US Federal Reserve and the European Central Bank.

"Inflationary pressures are still not strong on either side of the Atlantic," he told journalists during a visit to France.

Regarding the Fed's 25 basis point hike earlier this week, Rato said the IMF "shares the view of the US on interest rates" as well as that of the ECB

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