RPT-APEC to call for "market-oriented" currencies

Wed Nov 11, 2009 9:48pm EST
 
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SINGAPORE, Nov 12 (Reuters) - Asia Pacific finance ministers will call for "market-oriented" exchange rates and interest rates, according to a draft declaration to be issued following their meeting on Thursday.

"We will undertake monetary policies consistent with price stability in the context of market-oriented exchange rates that reflect underlying economic fundamentals," the draft dated Nov. 11 says.

(Reporting by Bill Tarrant; Editing by John Chalmers)

 

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