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7. Monetary policy should be directed toward domestic pricestability and continue to support economic recovery according tothe respective mandates of central banks. We recognize thesupport that has been provided to the global economy in recentyears from accommodative monetary policies, includingunconventional monetary policies. We remain mindful of the risksand unintended negative side effects of extended periods ofmonetary easing. Future changes to monetary policy settings willcontinue to be carefully calibrated and clearly communicated. Wereiterate that excess volatility of financial flows anddisorderly movements in exchange rates have adverse implicationsfor economic and financial stability. Sound macroeconomicpolicies and strong prudential frameworks will help addresspotential volatility. We will continue to monitor financialmarket conditions carefully. |
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