G20 finance leaders to debate inflation, fallout from tighter policy

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TOKYO/JAKARTA : Finance leaders of the world's top 20 economies will debate the fallout from lingering geopolitical tensions, rising global inflation and tighter monetary policy in some regions at a two-day meeting kicking off on Thursday.But rising COVID cases overshadow the gathering with many ministers

TOKYO/JAKARTA : Finance leaders of the world's top 20 economies will debate the fallout from lingering geopolitical tensions, rising global inflation and tighter monetary policy in some regions at a two-day meeting kicking off on Thursday.

"While spiking fuel costs and rising inflation are key themes for both advanced and emerging countries, it's hard to take any concerted action with a forum like G20," he said. "Transparent and clear monetary policy communication by major central banks remains important for the global economy, price stability and financial stability," said a document with the agreed position of European G20 members, seen by Reuters.

But the G20 ministers face the difficult task of navigating policy amid global divergences in the pace of recovery from the pandemic.

 

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