PBOC Governor: All parties expressed concern about negative impact of trade frictions

Forex Short News
  • All parties called for the strengthening of dialogue and policy coordination
  • All parties support the construction of a more-stable, efficient and resilient int’l financial architecture
  • Economic fragmentation and trade tensions continue to disrupt the industrial supply chain and weaken the momentum of global growth
  • Major economies should strengthen participation in policy coordination
  • At present, China’s economy is off to a good start, continues to rebound to a good trend and financial markets are running smoothly
  • Will implement a moderate and loose mon pol to promote development of the Chinese economy

The last two comments are notable but it doesn’t sound like a rush to easing.

This article was written by Adam Button at www.forexlive.com.