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Nobody wants to see competitive currency devaluations -Britain
February 13, 2013 / 12:51 PM / in 5 years

Nobody wants to see competitive currency devaluations -Britain

LONDON, Feb 13 (Reuters) - British Prime Minister David Cameron said on Wednesday that no one wanted to see a string of competitive currency devaluations, saying he did not think any country should try to depreciate its way to growth.

Responding to a question in parliament about whether the upcoming G20 meeting in Moscow should find a way of preventing competitive devaluations, Cameron said: “You don’t depreciate your way to growth whatever country you are”.

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