Corporate foreign exchange news

G20 meets to tackle inflation

Friday, 18 February 2011 09:05:37 GMT

Published by Zeb Bham
Finance ministers from the G20 nations are today meeting in Paris to discuss ways in which to tackle the growing problem of global inflation.
Countries around the world are experiencing higher inflation levels on the back of rising food and commodity prices.
France's finance minister Christine Lagarde, who is hosting the meeting, told Bloomberg Television: "We clearly need to keep inflation at bay. Too much inflation is not going to be conducive to growth."
According to the BBC, unbalanced currency values on the foreign exchange market are likely to be examined at the meeting as part of an effort to identify imbalances affecting global growth.
As well as currency exchange rates, factors such as trade deficits and surpluses, as well as budget shortcomings and overall debt are likely to be considered as part of an effort to better coordinate economic policies and keep a lid on inflation, the BBC reports.
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