G7 leaders avoid committing to co-ordinated virus response

Mark Carney
Mark Carney: “The bank will take all necessary steps to support the UK economy”
Bank of England

Senior members of the Group of Seven (G7) avoided a clear commitment to a co-ordinated fiscal and monetary response to the coronavirus after talks today (March 3).

Federal Reserve chair Jerome Powell and US Treasury secretary Steven Mnuchin led a teleconference with fellow G7 central bank governors and finance ministers.

In a statement, the group said it was “closely monitoring” the spread of the virus. “We reaffirm our commitment to use all appropriate policy tools to achieve strong

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