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G7 pledgees to use all appropriate policy tools to safeguard against coronavirus risks

G7 Finance Minister and Central Bankers issued a joins statement, said they are “closely monitoring” the spread of the coronavirus and its impacts on markets and economic conditions. They committed to use “all appropriate policy tools” to achieve strong, sustainable growth and safeguard against downside risks. They also “stand ready to cooperate further on timely and effective measures.”

Finance ministers are ready to take actions, including fiscal measures where appropriate. Central banks will continue to fulfill their mandates, thus supporting price stability and economic growth while maintaining the resilience of the financial system.

Full statement here.

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