IMF says "reassured" by ECB's decision to maintain stimulus

The International Monetary Fund on Thursday praised the European Central Bank's decision to maintain its aggressive monetary stimulus, saying it was helping a eurozone recovery.

"The ECB's accommodative stance is improving credit conditions and supporting a recovery of output and a gradual rise in inflation" IMF spokesman Gerry Rice told a news briefing. "We are reassured by the ECB's continuing commitment to use all instruments available within its mandate to ensure a sustained adjustment in the path of inflation consistent with its medium-term price stability objective."

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