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

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  • International Monetary Fund

Abstract

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.

Suggested Citation

  • International Monetary Fund, 2018. "Euro Area Policies: 2018 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Member Countries," IMF Staff Country Reports 2018/223, International Monetary Fund.
    • Handle: RePEc:imf:imfscr:2018/223
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    File URL: http://www.imf.org/external/pubs/cat/longres.aspx?sk=46096
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    Cited by:

    1. Miss Yinqiu Lu & Dmitry Yakovlev, 2018. "Instruments, Investor Base, and Recent Developments in the Malaysian Government Bond Market," IMF Working Papers 2018/095, International Monetary Fund.

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