IMF says ECB should consider asset buying inflation remains low, cuts growth forecast via ForexLive

• IMF cuts its 2014 eurozone GDP forecast to 1.1% from 1.2% in April
• Inflation forecast cut to 0.7% from 0.9%
• Says IMF should ‘substantially' expand balance sheet if inflation stays too low
• Negative shocks could bring deflation to eurozone
• Negative shocks should not trigger additional austerity
• Sees risk of stagnation amid stalled reforms

The main headline is a repeat but the IMF is continuing to press the ECB on QE.

posted via ForexLive