Two economies have already followed China's shock devaluation of the yuan last week against the U.S. dollar by nearly 2 percent.
Bruno Verstrate, CEO, Lakefield Partners, on the line with CNBC-TV18 from Zurich, says the ECB still has leeway to be very accommodative on the monetary policy, especially after the Italian elections.
World finance leaders on Saturday chastised the United States for not doing enough to shrink its massive budget deficit and warned that fiscal strains in rich nations threaten the global recovery.
Steve Forbes of Forbes in an exclusive interview to CNBC, spoke on a host of issues from tackling the high inflation rate globally, to its impact on currency and whether we were going to see another round of currency wars. He also elaborated on the state of the global recovery.