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MNI BRIEF: FSB Warns G20 Of Dangers Ahead, Need To Cooperate

(MNI) LONDON
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Financial Stability Board chair Klaas Knot has written to G20 leaders ahead of next week’s meeting to warn that global financial stability is at risk from the combination of high inflation, a strong central bank response, significantly tighter financial conditions and climate change.

Growth has weakened, the Netherlands' central bank governor writes, exacerbated by the war in Ukraine, while the strength of the US dollar has put many emerging market and developing economies under increased strain.

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Financial Stability Board chair Klaas Knot has written to G20 leaders ahead of next week’s meeting to warn that global financial stability is at risk from the combination of high inflation, a strong central bank response, significantly tighter financial conditions and climate change.

Growth has weakened, the Netherlands' central bank governor writes, exacerbated by the war in Ukraine, while the strength of the US dollar has put many emerging market and developing economies under increased strain.

Keep reading...Show less