BOJ Kuroda: Fed/other central banks will normalize mon. policy if economies in good shape
BOJ Kuroda and France’s LaMaire speak after G20
He adds:
- The Fed or other central bank will undoubtedly normalize monetary policy if their economies are in good shape and they achieve their price targets
- Don’t think central-bank policy normalization will have direct negative impact on global growth
- G 20 has continued to say central banks must be mindful of impact their policies could have on emerging markets
Meanwhile France’s LeMaire has added:
- Growth is back, recovery solid
- France is determined on structural reforms
- tariffs not the right way to deal with steel overcapacity
- EU expects full exemption from US metal tariffs
- Protectionism may jeopardize economic recovery
- France, EU to present fair tax rules for digital companies
- Europe won’t agree to conditions for US exemptions
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