Staff of Reuters 2 minutes Read this article (Adds details and quote) (Reuters) – VENICE, July 9 (Reuters) – According to the current version of their statement from a meeting in Venice on Friday, G20 finance ministers are likely to stress that economic stimulus measures must be in keeping with central banks’ responsibilities to keep inflation stable. “We reiterate our resolve to employ all available policy measures for as long as necessary to address the negative implications of COVID-19, particularly on the most impacted,” they said in a statement. “We will maintain the recovery while adhering to central bank mandates, including on price stability, and avoiding any premature withdrawal of support measures.” The statement was anticipated to be released unchanged, according to two sources at the G20 summit. A previous version of the statement obtained by Reuters did not include the sentence about prices. Concerns have lately grown that following the coronavirus outbreak, several nations’ ultra-loose monetary policies could unleash a surge in inflation, putting major central banks’ commitment to price stability to the test. (Francesco Guarascio contributed reporting; Leigh Thomas wrote the story; Kevin Liffey edited it.)/n
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