G-20 leaders vow co-operation to avoid monetary policy spillover

Christine Lagarde
Christine Lagarde

The leaders of the world's 20 largest economies, the G-20, today issued a joint declaration committing to co-operate over policies to restore the global economy to growth while avoiding adverse spillover effects in other countries.

While the G-20 says monetary policy will "continue to be directed towards domestic price stability and supporting the economic recovery according to the respective mandates of central banks", it says it "remains mindful of the risks and unintended negative side effect

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