IMF looks to ECB for more monetary easing

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The European Central Bank (ECB) may have to provide more unconventional monetary easing to buy time for the eurozone's banks to clean up their balance sheets, the International Monetary Fund (IMF) said today. The fund, in its Article IV consultation with the eurozone, warned that financial markets "remain fragmented" despite the ECB's outright monetary transactions (OMT) programme. Consequently, it wants the central bank to do more, potentially by introducing negative interest rates and provi