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Euro Area Policies: 2018 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Member Countries
Author:
International Monetary Fund. European Dept.
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Series:
IMF Staff Country Reports
Volume/Issue:
Volume 2018: Issue 223
Language:
English
Publication Date:
19 Jul 2018
DOI:
https://doi.org/10.5089/9781484368954.002
ISBN:
9781484368954
ISSN:
1934-7685
Pages:
64
Keywords:
ISCR; CR; authority; core inflation; headline inflation; single market; Euro area authorities; IMF country team; EU institution; financial support; Inflation; Labor markets; Bank resolution framework; Capital markets; Global; Europe
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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.
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Cover IMF Staff Country Reports
IMF Staff Country Reports
ISSN:
1934-7685
Publisher:
International Monetary Fund