G20 draft communique - ECB decision will support Eurozone recovery

  • welcomes recent ECB policy decision

  • oil price drop is a chance to reduce subsidies more
  • G20 will stick to previous fx promises
  • calls for gradual monetary policy normalization
  • monetary policies need to remain accommodative until the outlook for growth and price and financial stability allow for normalization

Draft as seen by Bbg

Is it me or does having a draft communique at the start somewhat pre-suppose where they will head with limited route for diversion ?

Funny ol' world

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