March 9, 2017 / 4:09 PM / 10 months ago

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

WASHINGTON, March 9 (Reuters) - 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.” (Reporting by David Lawder)

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