November 13, 2007	Tuesday	Ziqa’ad 02, 1428

PARIS, Nov 12: Interest rates in eurozone could rise if financial turbulence sparked by the US home loan crisis is contained, the IMF predicted on Monday. “In the euro area and several other advanced economies, monetary policy has been appropriately kept on hold in view of the downside risks associated with the financial turmoil,” the IMF said in a report.

“The baseline forecast presumes these risks to dissipate gradually, and a further tightening may then be required. Such a stance would need to be reconsidered if the risks materialised and the slowdown became protracted,” it said.—AFP