192 0 0 3 min to read

The G7 countries are committed to containing increasing inflation.

The Group of Seven (G7) countries are resolved to get inflation under control, according to German Finance Minister Christian Lindner.

Lindner, speaking at a press conference following the G7 finance ministers and central governors meeting in Petersberg, Germany, urged central banks to rein in rising inflation.

“Inflation rates have reached levels not seen in decades across most G7 countries,” according to a communiqué issued following the conference.

“G7 central banks are closely monitoring the impact of price pressures on inflation expectations and will continue to appropriately calibrate the pace of monetary policy tightening in a data-dependent and clearly communicated manner, ensuring that inflation expectations remain well-anchored while being mindful of safeguarding the recovery and limiting negative cross-country spillovers,” according to the statement.

While hosting the press conference with Lindner, Joachim Nagel, the chief of the German central bank, Bundesbank, expressed his worries over inflation.

Nagel, who is also a member of the European Central Bank’s governing council, suggested earlier this month that the ECB should halt asset purchases in June and begin hiking interest rates in July as a first step.

At the Petersberg summit, the G7 ministers and governors confirmed their financial support for Ukraine. They also disclosed that the G7 countries have committed to providing Ukraine with 19.8 billion dollars in budget support by 2022.

QR Code

Save/Share this story with QR CODE


Disclaimer


This article is for informational purposes only and does not constitute endorsement of any specific technologies or methodologies and financial advice or endorsement of any specific products or services.

📩 Need to get in touch?


📩 Feel free to Contact NextGenDay.com for comments, suggestions, reviews, or anything else.


We appreciate your reading. 😊Simple Ways To Say Thanks & Support Us:
1.) ❤️GIVE A TIP. Send a small donation thru Paypal😊❤️
Your DONATION will be used to fund and maintain NEXTGENDAY.com
Subscribers in the Philippines can make donations to mobile number 0917 906 3081, thru GCash.
3.) 🛒 BUY or SIGN UP to our AFFILIATE PARTNERS.
4.) 👍 Give this news article a THUMBS UP, and Leave a Comment (at Least Five Words).


AFFILIATE PARTNERS
LiveGood
World Class Nutritional Supplements - Buy Highest Quality Products, Purest Most Healthy Ingredients, Direct to your Door! Up to 90% OFF.
Join LiveGood Today - A company created to satisfy the world's most demanding leaders and entrepreneurs, with the best compensation plan today.


0 0 votes
Article Rating
Subscribe
Notify of
guest
0 Comments
Oldest
Newest Most Voted
Inline Feedbacks
View all comments
0
Would love your thoughts, please comment.x
()
x