IMF Warns of Growing Global Risks, Says U.K. Turmoil Largely Contained

WASHINGTON—Global central banks’ moves to quickly raise interest rates have fueled increased risks to the financial system, the International Monetary Fund warned Tuesday, while saying stability concerns bubbling up in the United Kingdom appear contained.

The Bank of England took steps to address recent turmoil in British bond and currency markets for the second straight day on Tuesday. “At this point, we don’t anticipate these actions being necessary in other countries,” Adrian Tobias, head of the IMF’s Monetary and Capital Markets Department, said at a press conference Tuesday.

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