IMF World Economic Outlook, April 2006

The International Monetary Fund published its World Economic Outlook April 2006 on 19 April. In the report the IMF said the ECB shouldn't "rush" to raise interest rates even as the eurozone economy expands this year by the most since 2004.

``There appears to be no rush to normalize rates,'' the IMF said in the report. It cut its forecast for growth in 2007 to 1.9 percent from 2.2 percent.

The IMF predicted inflation in the euro region will average 2.1 percent this year and 2.2 percent in 2007

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