Euro Area Policies: 2007 Article IV Consultation: Staff Report; Staff Supplement; Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director for Member Countries
July 31, 2007
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The Euro Area Policies’ 2007 Article IV Consultation reports that the economy is poised for a sustained upswing because of cyclical considerations and policies, which have had a forward-looking cast. The area’s external position and the real effective exchange rate of the euro are within range of medium-term equilibrium. Stabilizing inflation below 2 percent might well require a further gradual tightening of monetary policy. Increased contestability and integration in the financial sector is also key to improving performance.
Subject: Banking, Financial services, Income, Inflation, Labor, National accounts, Price stabilization, Prices
Keywords: area authorities, area flow, area trade, core inflation, CR, ECB data, euro, Euro area policy, Europe, Global, headline inflation, Income, Inflation, ISCR, labor cost indicator, Price stabilization
Pages:
69
Volume:
2007
DOI:
Issue:
260
Series:
Country Report No. 2007/260
Stock No:
1EUREA2007002
ISBN:
9781451813074
ISSN:
1934-7685
