IMF cuts growth forecasts, while UK inflation hits 11-month high - business live

Chinese GDP edges down, UK inflation rises by more than expected, International Monetary Fund sees slower economic growth 10.50am GMTAnd here are the IMF comments on markets and China, courtesy of Reuters:Global financial markets seem to be overreacting to falling oil prices and China, the chief economist of the International Monetary Fund said on Tuesday.Maurice Obstfeld also said it was critical that China is clear about its overall policy strategy, including its currency. 10.34am GMTThe IMF h