IMF wants ECB to continue with support policy

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The International Monetary Fund (IMF) believes that the European Central Bank (ECB) should continue its monetary support policy for the time being. Reuters reports this on the basis of a document from Brussels that the press agency has seen. According to Reuters, this will be presented next week to the finance ministers of the euro area.

The value of the euro is now undervalued. According to Reuters, the IMF sees the support policy of the ECB as an important way to strengthen the euro. The fund would also be planning to repeat its call to Germany and the Netherlands, among others, to increase government spending. Furthermore, the accounting officers would like Italy and other high-debt Member States to implement structural reforms.

The ECB will issue a new interest rate decision later on Thursday. Analysts take into account that the central bank then announces additional support measures. Partly due to global trade tensions, there have recently been many threats that could have a negative impact on the European economy. The ECB may therefore come up with extra favorable conditions for the planned long-term loans to banks, also known as TLTRO.

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Lesley Woutersen

Lesley Woutersen, one of the co-founders of the EconomicInform gives away all of his free time to the project. He is interested in stock exchange and digital assets. Lesley can be reached by [email protected]

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