G-20 finance chiefs agree to avoid monetary tightening "spillovers"

The Group of 20 major economies committed to avoiding economic "spillovers" from interest rate hikes as central banks tackle inflation, while sharing concern over increased volatility in currencies, Indonesian and Japanese officials said Thursday.The announcements followed a two-day meeting of the finance chiefs of the G-20, chaired by Indonesia. A continuing rift over the war in Ukraine among the G-20 members, which include Japan, the United States and Russia, prevented the release of a joint statement.Indonesia said in a press release after the meeting that the G-20 finance ministers and …READ FULL ARTICLE