The People’s Bank of China (PBOC) released a statement on Friday, citing that China’s deputy central bank governor attended the ASEAN and China, Japan and South Korea finance and central bank deputies meeting on April 8 and 9.
Key takeaways
- Meeting discussed impact of US tariffs on global and regional macroeconomic situation.
- Meeting held to exchange views on economic situation and regional financial cooperation.
- Will implement a moderately loose monetary policy, support the smooth operation of financial markets, and consolidate the continued recovery of the economy.
Source: https://www.fxstreet.com/news/pboc-discussed-impact-of-us-tariffs-in-the-asean-meeting-202504110232