Euro Area Policies : 2018 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Member Countries

Author/Editor:

International Monetary Fund. European Dept.

Publication Date:

July 19, 2018

Electronic Access:

Free Full Text. Use the free Adobe Acrobat Reader to view this PDF file

Summary:

This is a time to strengthen the resilience of the euro area and raise its long-term growth potential. Despite the recent slowdown and coming end of quantitative easing, growth remains strong and monetary conditions accommodative. Member countries should grasp the opportunity to address deep structural challenges, rebuild thin policy buffers, and rebalance externally. Mounting downside risks add urgency. The supportive monetary stance should be maintained until inflation is convincingly converging to objective. As net asset purchases draw to a close, clear forward guidance will become even more important.

Series:

Country Report No. 18/223

Subject:

English

Publication Date:

July 19, 2018

ISBN/ISSN:

9781484368954/1934-7685

Stock No:

1EUREA2018001

Price:

$18.00 (Academic Rate:$18.00)

Format:

Paper

Pages:

64

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