IMF's Rato on capital markets in a global economy

In the speech 'Capital markets in a global economy - Recent developments' given on 1 April Rodrigo de Rato of the IMF said "a continued measured withdrawal of stimulus remains appropriate" on US monetary policy.

However, a larger than expected hike in U.S. interest rates, due to inflationary pressure or a sharp reduction of foreign portfolio inflows into U.S. fixed income markets, could bring about market corrections, he warned.

Despite increases seen in recent weeks, global interest rates

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