Imf Warns Against Further Rate-tinkering In Euro Area

Washington  - The International Monetary Fund on Monday warned against a change in interest rates in the euro area amid record inflationary pressures, an ongoing financial crisis and a possible second round of economic shocks in the region.

Core inflation - which excludes food and energy prices that have shot up in the past year - remained "well contained" and inflation is expected to ease by the end of next year, the IMF said in an annual evaluation of the region by its board of directors.