Comment: IMF criticises ECB's move

The decision by the ECB to increase interest rates by 25 basis points has come in for a fair amount of criticism in the press and from market analysts. On Thursday 1 December the eurozone's central bank received another stinging blow.


In a press briefing the IMF added its voice to the dissent with a clear and unequivocal statement that the Fund believes the ECB moved too early.

Thomas Dawson, director of external relations at the IMF, told reporters in Washington that the

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