You are here

Did G-20 meeting lead to a secret Shanghai Accord?

Slew of measures by policymakers to keep currency markets calm gives rise to suspicion of a backroom deal
Saturday, March 19, 2016 - 05:50

BT_20160319_KVACCORD19_2175190.jpg
CAPPING THE SURGE: Behind the suspected agreement is the belief that a further major US dollar rise against the euro and the yen would be bad for the global economy.

Washington

POLICYMAKERS across the world are acting in ways that suggest there may have been more to last month's Group of 20 meeting in Shanghai than mere platitudes about promoting global economic growth.

In the past few weeks, officials from China, the euro area, Japan, the

sentifi.com

Market voices on:

Nespresso
Pair your daily business read with the perfect cup of espresso.

Subscribe to The Business Times today to receive your very own Nespresso Inissia coffee machine worth $188.

Find out more at btsub.sg/btdeal

Powered by GET.comGetCom