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

  • Comments from the PBOC Governor, who is in Washington this week for the G20
pboc People's Bank of China 26 March 2025 2
  • 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.

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