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ECB should maintain stimulus, calls for end are 'premature', says IMF

IMF says calls for exit from easy-money policy were premature as consumer prices not growing enough

Reuters  |  Brussels 

The European Central Bank (ECB) should maintain a "firmly accommodative" monetary policy for an "extended period", the International Monetary Fund (IMF) said on Tuesday, as it forecast inflation remaining below target. As the ECB prepares for a decision in autumn on whether to claw back its stimulus programme, the IMF said calls for an exit from easy-money policy were "premature" because consumer prices were not increasing enough. In its annual report on the euro zone, the IMF estimated euro zone inflation will reach 1.6 percent this year before ...

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First Published: Tue, July 25 2017. 20:45 IST