Claims of global currency war are unfounded

There are fears that the issue of currency wars may get undue attention at this week’s Group of 20 leading nations meeting in Moscow. Philipp Hildebrand, former chairman of the Swiss National Bank, urges participants in an opinion piece in FT.com to refrain from fanning the currency debate. He argues there is no such thing […]

By Staff | February 12, 2013 | Last updated on February 12, 2013

1 min read

There are fears that the issue of currency wars may get undue attention at this week’s Group of 20 leading nations meeting in Moscow.

Philipp Hildebrand, former chairman of the Swiss National Bank, urges participants in an opinion piece in FT.com to refrain from fanning the currency debate.

He argues there is no such thing as a currency war, but just central banks setting “monetary policy consistent with their domestic mandates.”

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