IMF says ECB should be ready to cut rates

The International Monetary Fund published a report on Wednesday 3 August urging the European Central Bank to stand ready to cut interest rates.

In a sharp critique of the state of the eurozone economy, it cut its growth forecasts, saying that the 'low-flying recovery' had hit a rough patch.

Although the fund agreed its monetary policy stance was 'appropriate for now', it seemed to clash with bank staff over the need for a cut.

'While there was agreement on the baseline projection for inflation

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@centralbanking.com or view our subscription options here: http://subscriptions.centralbanking.com/subscribe

You are currently unable to copy this content. Please contact info@centralbanking.com to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Central Banking? View our subscription options

Register for Central Banking

All fields are mandatory unless otherwise highlighted

Most read articles loading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account

.