You are here

IMF welcomes ECB bond-buying, calls for more actions

Friday, January 23, 2015 - 00:05

33703034.jpg
IMF Managing Director Christine Lagarde said the monthly purchases of 60 billion euros should "strongly reinforce" the ECB's accommodative policies, helping to lower borrowing costs across the eurozone, raise inflation expectations and support the central bank's mandate for price stability.

[WASHINGTON] The International Monetary Fund on Thursday said it welcomed the European Central Bank's decision to buy government bonds, which will pump tens of billions of euros into a sagging eurozone economy.

IMF Managing Director Christine Lagarde said the monthly purchases of 60 billion euros should "strongly reinforce" the ECB's accommodative policies, helping to lower borrowing costs across the eurozone, raise inflation expectations and support the central bank's mandate for price stability.

"It remains essential that the accommodative monetary stance is supported by comprehensive and timely policy actions in other areas, not least structural reforms to boost potential growth and ensure broad political support for demand management policies," Ms Lagarde added.

REUTERS

sentifi.com

Market voices on:

Nespresso
Pair your daily business read with the perfect cup of espresso.

Subscribe to The Business Times today to receive your very own Nespresso Inissia coffee machine worth $188.

Find out more at btsub.sg/btdeal

Powered by GET.comGetCom