IMF tells Asian central banks not to follow Fed too closely


Source: finance.yahoo.com finance.yahoo.com

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* U.S. rates have 'strong and immediate' impact on Asia FX - IMF * IMF urges Asian central banks to focus on domestic inflation * IMF revises up Asia's 2024 growth forecast to 4.5% * Trade curbs, China uncertainty among risks to Asia By Leika Kihara WASHINGTON, April 18 (Reuters) - The International Monetary Fund urged Asian central banks to focus on domestic inflation and avoid tying their policy decisions too closely to anticipated moves by the U.S. Federal Reserve. Receding expectations for a near-term interest cut by the Fed have fed steady dollar gains that have pushed down some...