IMF chief warns on rate risk from US tax reform

PARIS: Economic stimulus from US tax cuts may lead to a rapid rise in interest rates, which would weigh on countries with high debt levels, International Monetary Fund (IMF) Managing Director Christine Lagarde warned on Saturday.

The IMF was going to be “attentive” to the consequences of the reform, which notably included a sharply lower corporate tax rate, she told French radio station France Inter.