May 9, 2018 / 3:34 AM / 2 months ago

Asia has more buffers and room to raise rates: IMF Asia Pacific director

HONG KONG (Reuters) - Asia has more buffers than in the past and has room to raise rates, but despite a strong growth outlook the region remains vulnerable to a sudden tightening in global financial conditions, the IMF’s Asia Pacific director said on Wednesday.

Changyong Rhee, the director of the IMF’s Asia and Pacific Department, also said he wasn’t very concerned about a market sell-off in Indonesia and the Philippines at the moment.

Reporting by Marius Zaharia, writing by James Pomfret; Editing by Jacqueline Wong

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