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

WASHINGTON (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)