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G20 nations agree central bank independence 'crucial'
The Mercury
|July 21, 2025
THE G20 finance ministers stressed Friday that central banks must remain independent, after months of escalating attacks by US President Donald Trump on Federal Reserve boss Jerome Powell.
It was the first communique under South Africa's G20 presidency and marked a rare consensus for a bloc jolted by the drastic trade policies of its richest member, the United States.
"Central banks are strongly committed to ensuring price stability... and will continue to adjust their policies in a data-dependent manner," the group, whose members account for more than 80% of the world's economic output, said after a finance ministers' meeting in South Africa.
"Central bank independence is crucial to achieving this goal," it said in the statement, also signed by the United States.
Trump has repeatedly lashed out at Powell for not lowering interest rates more quickly, calling the central banker a "numbskull" and "moron".
Cette histoire est tirée de l'édition July 21, 2025 de The Mercury.
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