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

July 19, 2018

Preview Citation

Format: Chicago

Euro Area Policies: 2018 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Member Countries, (USA: International Monetary Fund, 2018) accessed November 15, 2024

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.

Subject: Bank resolution framework, Banking, Capital markets, Financial crises, Financial markets, Inflation, Labor, Labor markets, Prices

Keywords: Authority, Bank resolution framework, Capital markets, Core inflation, CR, EU institution, Euro area authorities, Europe, Financial support, Global, Headline inflation, IMF country team, Inflation, ISCR, Labor markets, Single market

Publication Details

Pages:

64
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2018/223
Stock No:

1EUREA2018001
ISBN:

9781484368954
ISSN:

1934-7685

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