G-20 finance ministers will discuss the global rate cut in response to financial crisis

To participate in the G-20 finance ministers and central bank will be a long trip on behalf of some of the 8 here disclosed that on a global scale to lower interest rates in order to reduce the financial crisis brought about by the loss of the annual meeting will be an important topic. Canadian Finance Minister James Flaherty in the years before the opening of the media revealed that the parties are to discuss interest rates, but British Prime Minister Tony Brown, as well as the International Monetary Fund initiative for a common taxation policy to stimulate it will be difficult at the meeting unanimously Support, because some countries may not be able to bear the resulting increase in expenditures. Flaherty said that the response rate is an important lever of the financial crisis, "I look forward to the discussion at the meeting to bring a degree of co-operation." Mexico senior officials of the Ministry of Finance said Werner, Mexico over the past 15 months has not had to lower lending rates, but with the international market and resources of the type of food commodity prices fell, interest rates have now dropped space. On the eve of the annual meeting, the European Central Bank announced on the 6th leading euro-zone interest rates fell to 3.75 percent from 3.25 percent. UK central bank also announced that the Bank of England rate cut sharply by 1.5 percentage points to 3% in order to stimulate the British economy.