Off the wire
Austrian Red Cross provides support to 570,000 refugees since beginning of crisis  • 1st LD: Member states "very closely coordinating" to launch Syria talks in New York: UN chief  • Feature: Chinese product exhibition in Cairo helps boost business  • Bulgarian, British PMs meet on bilateral ties, challenges  • Urgent: Member states "very closely coordinating" to open new round of Syria int'l talks in New York: UN chief  • Algerian president rushed to France for medical check-up  • Expert emphasizes growing importance of cities in tourism sector  • U.S. Fed chair gives upbeat view on economy before the Congress  • Xi urges more momentum for China-Angola common development  • 1st LD Writethru: Pentagon to open all combat jobs to women for first time: Carter  
You are here:   Home

IMF supports ECB's new stimulus program

Xinhua, December 4, 2015 Adjust font size:

The International Monetary Fund (IMF) said Thursday it supported the European Central Bank's (ECB) decision to support the Eurozone and urged the ECB to act more to achieve its price stability goal.

"The ECB's decision today will help address increased downside risks to the recovery," said IMF spokesman Gerry Rice at a regular press meeting of the Washington-based global lender.

"Today's action and its strong commitment to adjust the program if needed will help meet the price stability objective," he said.

The IMF urged the ECB to "continue to strongly signal its willingness to act and use all the instruments available until its price stability mandate is met."

The ECB on Thursday decided to lower the interest rate of deposit facility by 10 basis points to minus 0.3 percent. The central bank also decided to extend the asset purchase program until the end of March 2017 from September 2016. Enditem