The Traderszone Network

Published in TZ Latest News 4 September, 2015 by The TZ Newswire Staff

G20 promises transparency on rate moves as global economy disappoints

World financial leaders will agree to calibrate and communicate monetary policy carefully to avoid triggering capital flight, but will not call an expected U.S. rate rise a risk to growth, a draft communique showed on Friday. Many emerging market economies are concerned that when the U.S. Federal Reserve raises borrowing costs, investors will withdraw from other markets and buy dollar assets, weakening other currencies and creating turbulence as capital flees.

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