WASHINGTON — G-20 finance ministers and central bankers Friday vowed to keep watch for the "unintended" side effects from the ongoing aggressive actions by central banks such as the Federal Reserve, and more recently the Bank of Japan, to spur faster economic growth.

The communique, released following the group's meeting, also called for more urgency in the work of eurozone authorities to create a banking union, and vowed that all members remain committed to faster progress to towards more flexible exchange rate regimes, and will avoid "competitive devaluations."

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