-Global medium-term growth is vulnerable to.....>

IMF: -Global medium-term growth is vulnerable to financial imbalances after

2019's market rally and central bank cuts, the IMF says Tuesday in a blog post

-Emerging market government and corporate debt and high-yield US debt gained

more than 12% as central banks made most rate cuts since 2008

-While rate cuts curbed short-run risks and boosted growth by 0.5pp, the

stimulus comes late in the economic cycle

-"The deployment of cyclical macroprudential policy tools, such as the

countercyclical capital buffer, is now paramount to keep rising vulnerabilities

from putting growth at risk in the medium term"

-Blog post by Tobias Adrian, Director Monetary and Capital Markets Department,

and Deputy Director Fabio Natalucci