Just hours before the European Central Bank (ECB) is expected to raise interest rates for the euro area, the International Monetary Fund (IMF) has told eurozone ministers that Europe's economy is not strong enough for big rate hikes.
The eurogroup's finance ministers meeting in Luxembourg on Tuesday (6 June) heard a presentation of the IMF report which confirms the eurozone's inflation is set to "revert to its benchmark only slowly" while economic recovery is "gaining traction."
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