14 Apr 2014
G-20 focused on US monetary policy - BTMU
FXStreet (Barcelona) - Derek Halpenny, European Head of Currency Strategy at the Bank of Tokyo Mitsubishi UFJ, commented that the recent G-20 meeting noted the relevance of the US policy.
Key Quotes
"The G-20 gathering in Washington ended yesterday with a promise to “provide clear and timely communication of our actions” and to be mindful of the impact on the global economy as “policy settings are recalibrated”.
"The inclusion of this in the G-20 statement was clearly targeted at the US with many G-20 countries concerned over the impact of shifting monetary policy in the US".
"The commitment in the statement comes as Fed President Bullard warns in an FT interview today that the FOMC is running risks by keeping rates too low for too long."
Key Quotes
"The G-20 gathering in Washington ended yesterday with a promise to “provide clear and timely communication of our actions” and to be mindful of the impact on the global economy as “policy settings are recalibrated”.
"The inclusion of this in the G-20 statement was clearly targeted at the US with many G-20 countries concerned over the impact of shifting monetary policy in the US".
"The commitment in the statement comes as Fed President Bullard warns in an FT interview today that the FOMC is running risks by keeping rates too low for too long."