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Stay humble, real and independent, G-30 advises central banks
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US Federal Reserve officials hinted this week they may end their rate hike campaign sooner rather than later as the economy appeared to be slowing.
PHOTO: REUTERS
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WASHINGTON – An influential group of financial leaders from the public and private sectors has some advice for central banks under pressure to tame inflation and engineer a soft landing for economies: Stay humble, real and independent.
The advice was contained in a special report released on Nov 30 by the Group of Thirty (G-30), a global body composed of current or former central bankers, finance ministers and senior officials of financial firms.
