- Flexible exchange rate remains best way to absorb market shocks
- Must consider growth, employment as well as price stability
South African finance minister Pravin Gordhan on Reuters.
There’s no G20 meeting until November, as far as I can tell ,and the next G8 is in June so we’re not going to get anything jointly until then which is light years away. Of course there are finance minister meeting virtually every month so that’s the closest we’ll get to any formal cooperative comments on the current EM situation. If things get really bad though then we could get some sort of coordinated response.
