IMF: ECB Should Gradually Raise Interest Rates

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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.

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