IMF urges Fed to delay rate hike till H1 of next year

Tokyo

IN an unusually explicit policy suggestion, the International Monetary Fund (IMF) on Tuesday urged the US Federal Reserve to delay raising interest rates "until there are greater signs of wage or price inflation" in the US - probably in the first half of 2016.

In its annual Article IV report on the world's largest economy, the IMF said that US dollar strength in anticipation of rate rises was already "impacting growth and job creation" in the US and that further rises in the dollar could reignite global financial imbalances.