Bank of England and Mark Carney

finance ministers central bankers: The meeting of the Group of 20 finance ministers and central bankers, which began on Friday, comes at a time when investors and policymakers of many countries are closely watching whether they can send a message strong enough to assuage the anxieties in global markets stemming from stock sell-offs and a rise in currency volatility this year, according to The Japan Times. Leading into the meetings, Bank of England Gov. We will use all policy tools — monetary, fiscal and structural — individually and collectively to enhance growth, investment and financial stability, according to a final communique released in Shanghai despite German disquiet over fiscal and monetary stimulus. Mark Carney warned counterparts against getting embroiled in a currency war by pushing interest rates too low, while International Monetary Fund Managing Director Christine Lagarde said the effects the various monetary policies are having, even innovative ones, are diminishing. Investor hopes of coordinated policy actions proved to be pure fantasy, said David Loevinger, a former China specialist at the U.S. Treasury and now an analyst at fund manager TCW Group Inc. in Los Angeles. With the U.K. mulling spending cuts, Japan planning a sales tax increase, Germany finance minister warning debt-funded growth just leads to zombifying economies, and the U.S. constrained by a lame duck president and a Republican-controlled Congress, it may fall to China to ratchet up the fiscal firepower. (news.financializer.com). As reported in the news.