G20 Leaders On How To Promote Growth, Reduce Inequalities
NDTV
The G20 leaders want the central banks to remain strongly committed to achieving price stability in line with their respective mandates.
Concerned over cascading crises and challenges facing the global economy, the G20 leaders on Saturday underlined the need for well-calibrated monetary, fiscal, financial, and structural policies to promote growth, reduce inequalities, and maintain macroeconomic and financial stability.
The G20 leaders want the central banks to remain strongly committed to achieving price stability in line with their respective mandates.
"They (central banks) will ensure that inflation expectations remain well anchored and will clearly communicate policy stances to help limit negative cross-country spillovers. Central bank independence is crucial to maintaining policy credibility," said the New Delhi Declaration adopted by the G20 leaders.