Fresh G-7 currency accord possible: Trichet
Paris
FORMER European Central Bank president Jean-Claude Trichet said there is a "window of opportunity" for the world's advanced economies to strike a fresh accord against competitive devaluations.
"Almost everyone seems to be saying, 'taking everything into account, if my currency goes down it would be better - in any case I would not like it to go up'," Mr Trichet said. "Maybe we have a sort of window of opportunity to go a bit further than we have in the stabilisation relation between large convertible currencies."
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
International
South Korea’s public finances no longer a credit rating ‘strength’: Fitch
UK consumer confidence improves as inflation and taxes fall
Inflation in Japan’s capital falls below BOJ target, slows for second month
China firms are investing abroad at fastest pace in eight years
Sri Lanka’s economy expected to grow 3% in 2024, central bank says
Yellen says US can bring inflation down without hurting jobs