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14 Jun 2013
G8 draft: Monetary activism plays an important role in recovery
FXstreet.com (Córdoba) - The G8 group of leading economies will likely to say next week that they are not content with progress so far in fixing their economies after the financial crisis, according to a draft statement obtained by Reuters.
A draft copy of the communique being prepared for leaders at a Group of Eight summit dates May 21, said actions by policymakers in the United States, the eurozone and Japan had reduced risks to the global economy.
"While countries have taken steps to avoid the worst of the tail risks that faced the world economy in 2012, many of these vulnerabilities remain with us in 2013, highlighting the need for countries to press ahead with the necessary reforms to restore sustainable growth and jobs," the draft stated.
Regarding monetary policy, "monetary activism must continue to play an important role in supporting the recovery, "while ensuring medium-term inflation expectations remain anchored", the draft reads.
A draft copy of the communique being prepared for leaders at a Group of Eight summit dates May 21, said actions by policymakers in the United States, the eurozone and Japan had reduced risks to the global economy.
"While countries have taken steps to avoid the worst of the tail risks that faced the world economy in 2012, many of these vulnerabilities remain with us in 2013, highlighting the need for countries to press ahead with the necessary reforms to restore sustainable growth and jobs," the draft stated.
Regarding monetary policy, "monetary activism must continue to play an important role in supporting the recovery, "while ensuring medium-term inflation expectations remain anchored", the draft reads.