IMF reportedly sees the euro as undervalued, ECB policy support still necessary

Market news

6 June 2019

IMF reportedly sees the euro as undervalued, ECB policy support still necessary

IMF views that ECB monetary policy accommodation remains necessary
IMF views that there is a small undervaluation in the euro exchange rate
IMF views that euro area countries with high debt like Italy should create more fiscal space by implementing structural reforms

Eurozone GDP rose 0.4% in the first quarter, as expected

Eurozone: Employment Change, Quarter I 0.3% (forecast 0.3%)

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