IMF Warns Many Banks Vulnerable if Central Banks Keep Rates High to Fight Inflation

IMF says around 5% of banks globally are vulnerable if central bank interest rates stay high.

30% of banks could struggle if global economy enters period of low growth and high inflation.

IMF conducted a tougher stress test on 900 banks in 29 countries.

Report urges central banks to keep rates high until inflation cools.

IMF warns against declaring victory over inflation too soon and easing policy prematurely.