Global debt now worse than before financial crisis, says IMF (news: 18/04/18)

Today's press

• Global debt now worse than before financial crisis, says IMF

  The global economy is more deeply indebted than before the financial crisis and countries need to take immediate action to improve their finances before the next downturn, the International Monetary Fund has said.

• UK inflation falls to 2.5%, its lowest level for a year

  UK inflation unexpectedly fell last month to its lowest level in a year, casting doubt over whether the Bank of England will raise interest rates next month.

• Fed's Dudley warns small banks to rethink risks of higher rates

  NEW YORK (Reuters) - Some community banks have ramped up investments that could pose risks as interest rates rise, so they should evaluate their portfolios now that U.S. policy is tightening, Federal Reserve Bank of New York President William Dudley said on Wednesday.

• UK Annual Inflation Drops to 2.5% in March, Lowest Level in a Year

  Investing.com - The annual rate of change in Britain's consumer price index fell to 2.5% last month, the Office for National Statistics said on Wednesday.