So says Russian dep fin min Storchak
- The G20 closing communique will stick to July’s wording with regard to the “spill-over” effect caused by shifts in monetary policy
It’s not going to be more than the agreements that were reached in Moscow
The previous communique stated the G20 remained mindful of the effects of extended periods of monetary easing, and said that changes to future policy should be
carefully calibrated and clearly communicated
Call me old fashioned but if they know what they’re going to say doesn’t that somewhat make the exercise somewhat pointless?
Let’s hope they’re a little more constructive regarding emerging markets and blowing up places