Gita Gopinath, a deputy managing director of the Fund, urged the U.S. central bank to press ahead with rate rises this year.

"If you see the indicators in the labour market and if you look at very sticky components of inflation like services inflation, I think it's clear that we haven't turned the corner yet on inflation," she told the newspaper.

(Reporting by Akriti Sharma in Bengaluru; Editing by Clarence Fernandez)