Global recovery on track, say G10 central bankers

The global economic recovery is on track but monetary authorities have to remain vigilant against inflationary dangers, the G10 central bank governors said on Monday 13 Septemberin Basel, Switzerland.

Jean-Claude Trichet, chairman for the G10 central bank heads and ECB president, played down the overall impact of historically high oil prices on the economy, saying the high price was a reflection of strong demand, but added that current prices were "much higher than normally appropriate".

"The g

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