<p>Finance ministers from the Group of 20 economies on Wednesday pledged to keep economic stimulus policies in place to ensure a recovery from the Covid-19 pandemic.</p>.<p>Amid ongoing risks, "We will continue to sustain the recovery, avoiding any premature withdrawal of support measures," according to the official communique released after the G20 meeting.</p>.<p>While the global recovery has been solid, the statement notes that it has been "highly divergent" among countries.</p>.<p>"We reaffirm our resolve to use all available tools for as long as required to address the adverse consequences of Covid-19, in particular on those most impacted," the statement said.</p>.<p>At the same time, officials are "closely" watching rising prices, the statement said.</p>.<p>The meeting of finance ministers and central bank governors is being held at a time when suppliers are struggling to meet renewed demand and bottlenecks are causing shortages of key materials and pushing prices higher.</p>.<p>Oil prices, notably, have spiked above $80 a barrel for the first time in years.</p>.<p>Italy's central bank chief Ignazio Visco agreed with the IMF and others who have said the inflation pressures are mostly due to transitory factors like the surge in demand.</p>.<p>But he acknowleded that "these may take months before fading away."</p>.<p>G20 central bankers are studying the issue to see if there are "more structural factors at work" in the bigger-than-expected inflation spike, and "whether there is some component which starts being transitory but that could become permanent," Visco told reporters.</p>.<p>Central bankers are walking a fine line between supporting the recovery with easy financial conditions while warding off a permanent increase in inflation.</p>.<p>The communique said central banks "will act as needed to meet their mandates, including price stability, while looking through inflation pressures where they are transitory."</p>.<p><strong>Watch latest videos by DH here:</strong></p>
<p>Finance ministers from the Group of 20 economies on Wednesday pledged to keep economic stimulus policies in place to ensure a recovery from the Covid-19 pandemic.</p>.<p>Amid ongoing risks, "We will continue to sustain the recovery, avoiding any premature withdrawal of support measures," according to the official communique released after the G20 meeting.</p>.<p>While the global recovery has been solid, the statement notes that it has been "highly divergent" among countries.</p>.<p>"We reaffirm our resolve to use all available tools for as long as required to address the adverse consequences of Covid-19, in particular on those most impacted," the statement said.</p>.<p>At the same time, officials are "closely" watching rising prices, the statement said.</p>.<p>The meeting of finance ministers and central bank governors is being held at a time when suppliers are struggling to meet renewed demand and bottlenecks are causing shortages of key materials and pushing prices higher.</p>.<p>Oil prices, notably, have spiked above $80 a barrel for the first time in years.</p>.<p>Italy's central bank chief Ignazio Visco agreed with the IMF and others who have said the inflation pressures are mostly due to transitory factors like the surge in demand.</p>.<p>But he acknowleded that "these may take months before fading away."</p>.<p>G20 central bankers are studying the issue to see if there are "more structural factors at work" in the bigger-than-expected inflation spike, and "whether there is some component which starts being transitory but that could become permanent," Visco told reporters.</p>.<p>Central bankers are walking a fine line between supporting the recovery with easy financial conditions while warding off a permanent increase in inflation.</p>.<p>The communique said central banks "will act as needed to meet their mandates, including price stability, while looking through inflation pressures where they are transitory."</p>.<p><strong>Watch latest videos by DH here:</strong></p>