The Group of 20 major economies should move more rapidly toward market-determined exchange-rate systems and refrain from competitive currency devaluations, U.S. Treasury Secretary Jacob J. Lew said. G-20 members should “avoid persistent …
With counterparts in Asia and Europe embracing declining currencies as they seek to boost their economies, Lew said yesterday they should “avoid persistent exchange-rate misalignments, refrain from competitive devaluation, and not target exchange rates …
Ahead of the annual meetings of the IMF and World Bank this weekend, U.S. Treasury Secretary Jacob Lew warned: "It's wrong to get into exchange-rate competition for the purpose of promoting advantage, one over the other." A devaluation isn't inevitable.
Otherwise, monetary stimulus will lead to higher inflation, capital flight and devaluation pressure. But if the slowdown has a cyclical character, this is the basis for softer monetary policy, … Thus, for Nabiullina, structural changes are most …
As with Japan last year, G20 policymakers gathered in Washington for the annual meeting of the International Monetary Fund and World Bank are in a poor position to complain about competitive devaluation having demanded stronger European growth for so …
“The continued devaluation of the Rand will impact negatively on the retail trade, particularly those businesses that import products, such as Verimark,” the group said in a SENS statement for the financial year ended 31 August 2014. The rand weakening …
In the Fiscal 2015 second quarter, the Company took a non-cash charge of $6.7 million, representing the devaluation loss related to its Venezuelan bonds that were re-measured at August 31, 2014. In the Fiscal 2014 second quarter, the Company recorded a …
Because of the devaluation and decreased competition from imports following Putin's food embargo, specific goods have seen double-digit price rises in August and September. The enforced self-sufficiency caused by the weak currency and sanctions may …
Ahead of the annual meetings of the IMF and World Bank this weekend, US Treasury Secretary Jacob Lew warned: "It's wrong to get into exchange-rate competition for the purpose of promoting advantage, one over the other." A devaluation isn't inevitable.