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17 Feb 2022
IMF Endorses ECB’s Easy Money Policy amid Declining Inflation
The Index Today
The International Monetary Fund (IMF) announced its support of the European Central Bank’s (ECB) easy money policy after inflation showed signs of decline following "transient boosts" from pandemic-related supply chain issues.
The IMF contended that labour costs in the EU would rise slightly with inflation set to dip below the ECB’s target of 2% after it reached 5.1% in January.
The Washington-based organization said, "Keeping medium-term inflation expectations stable despite transient boosts to inflation, including from supply disruptions and surging energy prices, is key to managing this trade-off."
The endorsement from the IMF comes as a relief to ECB President Christine Lagarde as she continues to face challenges in assuring investors that there will be no further interest rate hikes to curb pandemic-induced inflation.
The IMF added, "Keeping medium-term inflation expectations stable despite transient boosts to inflation, including from supply disruptions and surging energy prices, is key to managing this trade-off."
©Photo: Reuters
