G7 financial leaders release joint statement

Financial leaders of seven leading world economies pledged to use all policy tools � fiscal, structural and monetary � to boost economic growth in their joint statement on Saturday in Bari, Italy.

The statement said fiscal policy should be used to help job creation while keeping public debt on a sustainable path and monetary policy should help economic activity without fuelling strong inflation. The leaders reaffirmed their existing G7 exchange rate commitments to market-determined exchange rates and to consult closely in regard to actions in foreign exchange markets.

The G7 summit will take place on May 26 and 27 in Sicily, Italy.

Source: VOV5