IMF calls for looser monetary policy in the UK
The International Monetary Fund (IMF) today released the conclusions from the latest Article IV consultation with the UK in which it called for more monetary easing to support economic recovery.
"Further monetary easing is required," the report stated. "Anaemic nominal wage growth and broadly stable inflation expectations suggest underlying inflationary pressure is weak, providing space for greater monetary easing," the report added.
The document was released on the same day it was revealed
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