[IMF Urges Caution on Monetary Easing and Calls for Emergency Fiscal Adjustments] Jin10 News, October 14 – The IMF stated that central banks should remain vigilant about inflation risks driven by tariffs and adopt a cautious stance on monetary easing to minimize further surges in high-risk asset valuations. The IMF added that central bank independence is "crucial" for stabilizing market expectations and allowing these institutions to fulfill their mandates, though it did not specify particular institutions. The IMF also called for "emergency fiscal adjustments" to curb deficits and ensure the resilience of bond markets. It noted that the growing interconnectedness between banks and the less-regulated non-bank financial sector would exacerbate shocks arising from areas such as private credit or cryptocurrencies. The organization urged policymakers to adopt a more comprehensive approach to assess these hidden risks, particularly in terms of risk transmission between banks and non-banks.