Central banks from the G20 countries pledged today, Wednesday, to commit to working to achieve prices.
This came in the joint announcement of the Group of Twenty, which was approved today, following the summit hosted by the Indonesian city of Bali, according to the Russian “TASS” news agency.
“In order to achieve this purpose, the central banks closely monitor the impact of price pressures on inflation expectations, and they will continue to calibrate the pace of tightening monetary policy appropriately,” the joint advertising document said.
The announcement stressed that the independence of the central bank is necessary to achieve these goals and support the credibility of monetary policy.
The adoption of the joint advertisement was the main goal of the two -day group, which lasted, and until the last minute, it was not guaranteed to agree to the final text, and several sources close to the talks indicated that the Indonesian President Goku Widodo worked personally to ensure the end of the summit with the approval of the final document..
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