G20のニュース

The finance ministers and central bank chiefs from the Group 20 economies have wrapped up a two-day meeting in Ankara, Turkey. They issued a statement says economic growth has fallen short of expectation. They say the G20 members will take decisive action to keep recovery on track.

The members will refrain from competitive devaluations of their currencies, which would give an advantage to their exporters. This move is an implicit warning to China, which cut the reference rate for the yuan last month.

The participants pledged to carefully plan and clearly communicate their actions when making monetary decisions and other policies. They want to minimize negative spillover and mitigate uncertainty.

This is also in response to growing concerns among emerging economies that they will suffer an outflow of cash if the U.S. Federal Reserve lifts its zero-interest rate policy.

Managing Director of the International Monetary Fund Christine Lagarde says the Fed should not rush its decision.