Finance ministers from the G7 nations have pledged to enhance their coordination in the fight against inflation, which they recognize as a significant threat to global economic stability. The ministers convened to discuss strategies for addressing escalating price pressures and mitigating potential risks to economic growth.

Key Discussion Points

• Monetary Policy Alignment: The ministers emphasized the need for central banks to carefully calibrate monetary policy to curb inflation without triggering a sharp economic downturn.
• Fiscal Policy Coordination: Governments will work to align fiscal policies to support monetary policy efforts and avoid exacerbating inflationary pressures.
• Supply Chain Resilience: Discussions included strategies for strengthening supply chains to reduce bottlenecks that contribute to rising prices.
• Energy Security: The group addressed the impact of energy prices on inflation and explored measures to enhance energy security and diversify energy sources.

Commitment to Stability

The G7 finance ministers reaffirmed their commitment to maintaining financial stability and supporting sustainable economic growth. They pledged to continue monitoring global economic developments closely and to adapt their policies as needed to address emerging challenges.