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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IMF: Normalization of Euro area interest rates should proceed gradually

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IMF: Sound recovery continues in Euro area

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