IMF urges central banks to stay on interest hike trajectory, despite lift in global outlook

US Fed and ECB are poised to raise interest rates further this week

• International Monetary Fund raised outlook for global economy after US avoided a default and American and Swiss banks stabilised

• Fund sees inflation slowing to 6.8 per cent this year — compared with a 7 per cent forecast in April — but expects core inflation to cool at a slower rate than expectedThe International Monetary Fund raised its ...

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