FE Today Logo

IMF \\\'strongly\\\' welcomes ECB interest rate cuts

June 07, 2014 00:00:00


WASHINGTON, June 6 (AFP) : The International Monetary Fund hailed the European Central Bank's unprecedented moves yesterday to prevent deflation in the eurozone, including cutting key interest rates to new all-time lows.

"We strongly welcome the very proactive stance taken by the ECB today," said IMF spokesman Gerry Rice.


Share if you like