IMF: Costly oil, high rates key risks to Asia growth

Higher oil prices, tighter global financial conditions and current account imbalances are some of the key risks to the broadly favorable outlook for growth in Asia, the International Monetary Fund said on Tuesday.

Policymakers in the region have to strike a balance in forming monetary policy, which is firm enough to keep oil-induced inflation at bay without tightening it so much as to avoid choking domestic demand, it said in a report.