The Traderszone Network

Published in TZ Latest News 5 September, 2015 by The TZ Newswire Staff

G20 eyes faster economic reforms as cheap credit not enough for growth

Financial leaders from the world’s 20 biggest economies agreed on Saturday to step up reform efforts to boost disappointingly slow growth, saying reliance on ultra-low interest rates would not be enough to accelerate economic expansion. “Monetary policies will continue to support economic activity consistent with central banks’ mandates, but monetary policy alone cannot lead to balanced growth,” the communique of the G20 finance ministers and central bankers said.