IMF steps up call for QE in Europe

Euro sign, Frankfurt

The International Monetary Fund (IMF) stepped up its campaign for quantitative easing (QE) in the eurozone today, as it released a host of documents calling on the European Central Bank (ECB) to buy sovereign bonds if inflation doesn't pick up.

A staff report insisted that inflation "has been too low for too long" in the region, while two members of the IMF's European department released a ‘Q&A' outlining why QE would be effective in Europe.

Reza Moghadam and Ranjit Teja, director and deputy

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