IMF flags growing risks from low interest rate environment

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The International Monetary Fund (IMF) today issued a warning to central banks that are holding interest rates close to zero, as expectations of persistent low rates appear to be driving a rise in risk appetite among investors.

In the first chapter of the IMF's Global Financial Stability Report, published today, the Fund warned of "exaggerated valuations and rising leverage" that result from higher risk appetite, which could become systemic and spill over into emerging market economies.

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