G20 leaders' declaration: G20 central banks are strongly committed to achieving price stability

The G20 leaders' declaration published on Wednesday, stated that “G20 central banks are strongly committed to achieving price stability, in line with their respective mandates.”

Additional takeaways  

Central banks will continue to appropriately calibrate the pace of monetary policy tightening in a data-dependent and clearly communicated manner while limiting cross-country spill-overs.

Central bank independence is crucial to achieving price stability, and buttressing monetary policy credibility.