IMF issues warning to Asian central banks on risk of overheating

IMF headquarters in Washington DC

The International Monetary Fund (IMF) has warned central banks in Asia that they may have to respond quickly to new financial stability risks, as interest rates have been held lower than historical levels in many countries.

The IMF's Regional Economic Outlook for the Asia Pacific region, published today, said the region was leading the global "three-speed recovery", and predicted growth would average around 5.75% in 2013.

However, Anoop Singh, director of the IMF's Asia Pacific Department

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