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Search resuls for: "European Department"


9 mentions found


☆ IMF's Kammer: Positive outlook on Europe, soft landing expected
  + stars: | 2024-05-10 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailIMF's Kammer: Positive outlook on Europe, soft landing expectedAlfred Kammer, director of the European department at the IMF, speaks to CNBC's Karen Tso at the IMF's Spring Meetings.
Persons: Alfred Kammer, Karen Tso Organizations: IMF Locations: Europe
☆ ECB must keep rates at or near 4% through 2024 to get inflation down -IMF
  + stars: | 2023-11-08 | by ( ) www.reuters.com   time to read: +3 min
"Monetary policy is appropriately tight and needs to remain so in 2024," Kammer told a news conference. "For all intents and purposes, (the deposit rate) should be held at that level or close to that level throughout 2024." Kammer warned the ECB against cutting rates too soon because that would require even more costly policy tightening later on. While the IMF sees price growth back at target in 2025, an exceptionally tight labour market could push this date back to 2026, it warned. Real wages also have some way to go catch up with inflation and this could also keep up the price pressure, the IMF said.
Persons: Ralph Orlowski, Alfred Kammer, Kammer, Balazs Koranyi, Mark Potter Organizations: European Union, European Central Bank, REUTERS, Rights, International Monetary Fund, ECB, IMF's European Department, IMF, Thomson Locations: Frankfurt, Germany, Gaza
☆ ECB policy rates should stay tight to see disinflation through, IMF's Berger says
  + stars: | 2023-11-08 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailECB policy rates should stay tight to see disinflation through, IMF's Berger saysThe IMF's Deputy Director of the European Department, Helge Berger, discusses its latest European regional outlook.
Persons: IMF's Berger, Helge Berger Organizations: European Department
☆ IMF Expects Continuing US Support for Ukraine Despite Congress Dropping Aid
  + stars: | 2023-10-04 | by ( Associated Press | Oct. | At P.M. | ) www.usnews.com   time to read: +4 min
That's despite Congress recently passing a short-term funding package that averted a U.S. government shutdown but dropped $6 billion in aid to Ukraine. Political Cartoons View All 1199 ImagesOfficials from the Washington-based IMF also said Ukraine’s economy was showing surprising resilience despite widespread damage from Russia’s war. Ukraine is “making good progress” on passing legislation on a specialized anti-corruption prosecutor, said IMF Ukraine mission chief Gavin Gray. IMF loan agreements with Ukraine before the war had stalled due to lack of progress in curbing corruption and the influence of politically influential business moguls. ___This story has been corrected to show that the IMF loan package is over four years, not three.
Persons: It's, “, Biden, Uma Ramakrishnan, Gavin Gray, Volodymyr Zelenskyy, Nathan Epstein, ___ McHugh Organizations: —, International Monetary Fund, Institute, IMF, Ukraine, Bills Locations: KYIV, Ukraine, United States, U.S, Kiel, Germany, Kyiv, Washington, Ukrainian, Frankfurt
☆ IMF team to begin meeting officials in Ukraine
  + stars: | 2023-10-01 | by ( ) www.reuters.com   time to read: +1 min
The International Monetary Fund (IMF) logo is seen outside the headquarters building in Washington, U.S., September 4, 2018. The IMF said last week its mission had begun its second review of a $15.6 billion multi-year loan program for the country. The four-year programme for Kyiv is part of a $115-billion global package to support the economy as Ukraine battles Russia's invading forces. "An IMF team, led by Uma Ramakrishnan, Deputy Director of the Fund's European Department, starts meetings today in Kyiv with the Ukrainian authorities and other stakeholders," Stepanyan said in a statement. "The high-level engagement will focus on policy goals and challenges in the context of Ukraine’s program supported by the IMF Extended Fund Facility (EFF) Arrangement."
Persons: Yuri Gripas, Vahram Stepanyan, Uma Ramakrishnan, Stepanyan, Pavel Polityuk, Hugh Lawson Organizations: Monetary Fund, REUTERS, Rights, IMF, Fund's European Department, Fund, Thomson Locations: Washington , U.S, Ukraine, Russia, Kyiv
☆ IMF's Kammer: Further ECB tightening is required to defeat inflation
  + stars: | 2023-04-28 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailIMF's Kammer: Further ECB tightening is required to defeat inflationAlfred Kammer, director of the European department at the International Monetary Fund, says core inflation is persistently high and "there's nothing worse than pausing an inflation-fighting effort too early … because if you need to do it a second time, the costs to the economy are so much larger."
☆ Market crisis scorecard: Lessons learned from a manic March
  + stars: | 2023-04-24 | by ( Naomi Rovnick Yoruk Bahceli Dhara Ranasinghe | Naomi Rovnick | Yoruk Bahceli | ) www.reuters.com   time to read: +6 min
Low and stable inflation is good for markets and the economy, so central banks had to show their seriousness on inflation, Tannenbaum added. Central banks softened rate rises with communication that was mindful of instability risks, showing reassuring "humility", said Perkins. "The bank resolution framework created after the great financial crisis," said Francesco Papadia, senior fellow at Bruegel and former ECB director general for market operations, "is proving difficult to implement." Reuters Graphics4/ UNITED WE STANDAfter CS's rescue, the Fed and other big central banks supported market liquidity with dollar swap lines. Amundi's Pradhan said the "case by case" central bank responses to individual lenders failing in March exposed the lack of a coordinated bank resolution system.
☆ Europe's banking system is sound — but we shouldn't get complacent: IMF
  + stars: | 2023-04-14 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailEurope's banking system is sound — but we shouldn't get complacent: IMFAlfred Kammer, director of the European department at the IMF, discusses the region's economic outlook and the strength of its banking sector with CNBC's Joumanna Bercetche.
☆ IMF's Alfred Kammer: Outlook for Europe has darkened considerably
  + stars: | 2022-10-14 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailIMF's Alfred Kammer: Outlook for Europe has darkened considerablyAlfred Kammer, director of the European Department at the IMF, tells CNBC's Geoff Cutmore the outlook for Europe has darkened considerably.
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