Mexico central bank chief says hard to coordinate monetary policy

April 20, 2015 11:27 PM

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WASHINGTON, April 20 (Reuters) - The head of Mexico's central bank on Monday said better coordination of monetary policies around the world is difficult to achieve in practice, but could help all countries.

Monetary easing in large economies like the United States and Japan was prompting exchange rate volatility, which in turn encouraged emerging market policymakers to accumulate international reserves to stabilize their currencies, creating distortions, said Banco de Mexico Governor Agustin Carstens.

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