G20: The independence of central banks is “crucial”

The independence of central banks is “crucial”. Furthermore, the G20 finance ministers said on Friday in their first joint press release since South Africa took over the group following Brazil in November. In addition, – G20: independence central banks "crucial"

(Keystone-ATS) This statement signed by the United States comes after the renewed criticism of American president Donald Trump against the president of the American Federal Reserve (Fed), Jerome Powell, still accused this week of doing “bad job”.

“This is really one of my worst g20: independence central banks “crucial” appointments. ” attacked it again on Friday the tenant of the White House on his social network Truth, asking for a drop of more than three points of the directive interest rates.

The number one of the US Treasury Scott Bessent was however absent. as at the first meeting in February, but represented by the under-secretary for international affairs, Michael Kaplan.

In full controversy over an alleged “persecution” of white farmers by Pretoria. the head of American diplomacy Marco Rubio had boycotted the meeting of foreign ministers in South Africa, the first country of the continent to chair the group.

Reform the WTO

“It is important to point out that the United States remains engaged in the format of the G20. that it has also accepted this common press release,” noted the European Commissioner for Economy Valdis Dombrovskis before the media.

Washington must succeed Pretoria at the end of the Summit of Heads of g20: independence central banks “crucial” State on November 22. 23 in Johannesburg where the presence of Donald Trump remains uncertain.

In full commercial escalation of the American president who threatened the European Union with 30% of customs surcharge on August 1. the G20 financiers also agreed on “the importance of the World Trade Organization (WTO) to advance commercial issues” while recognizing that it required “important reform”.

The discussions. which took place in a luxurious hotel outside the coastal city of Durban, focused on global taxation and the way of “preserving a multilateral trade system based on rules”, added Valdis Dombrovskis.