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 expected
• IMF left global growth expectation for next year unchanged at 3 per cent
The International Monetary Fund (IMF) raised its ...