IMF: ECB Should Gradually Raise Interest Rates

 
on June 20 2011 10:51 AM
ECB
A sculpture showing the Euro currency sign is seen in front of the European Central Bank (ECB) headquarters in Frankfurt Reuters

The Eurozone economy is recovering and the ECB should therefore gradually raise interest rates to keep inflation expectations in check, the IMF said in a report.

Given the expected path of the recovery, the normalization of interest rates should proceed gradually, the IMF said in a review of the economy of the 17 countries using the Euro, released on Monday.

IMF Lipsky: Eurozone 2011 GDP forecast revised up to 2% versus previous forecast of 1.6%

IMF Lipsky: The IMF not negotiating new Greek program, focused on putting 1st one on track; almost inevitable mid-course corrections needed

IMF Lipsky: The IMF will require assurances from Eurogroup that Greek programme will be financed

IMF Lipsky: Real progress to bring debate on Greek aid to close

IMF Lipsky: Crisis effect worse if banks in core countries affected

IMF Lipsky: EU needs strong rules for single market to blossom

IMF Lipsky: Euro area needs more integration for growth

IMF Lipsky: Continued financial support key to solving crisis; imperative banks raise capital after stress tests

IMF: Europe has much to do to secure resilient monetary union

IMF: Failure to act decisively could cause Global spillover

IMF: Normalization of Euro area interest rates should proceed gradually

IMF: Euro area needs more cohesive response to crisis

IMF: Debt crisis threatens to overwhelm Euro area outlook; Euro area periphery faces challenges

IMF: Sound recovery continues in Euro area

Read: Greenspan Says Greece Default May Trigger U.S. Recession

Read: Greece to Pass Austerity Plan With Changes, Risk Appetite Back On

Read: Important Greek/EU Dates Affecting Greek Debt Crisis

Read: China: Can Big Brother Bail Out Greece, Europe Again?

 

Share this article