Move fast when overheating hits, IMF warns Asia

Asian policymakers must be ready to respond "early and decisively" to overheating risks in their economies stemming from rapid credit growth and rising asset prices, the International Monetary Fund said.

Growth is set to pick up gradually this year and inflation is expected to stay within central banks' comfort zones, the lender said in a report yesterday. Greater exchange-rate flexibility in the region would play a "useful role" in curbing overheating pressures and coping with speculative capital inflows.

via Business feed http://www.scmp.com/business/economy/article/1226311/move-fast-when-overheating-hits-imf-warns-asia