PBOC: Discussed impact of US tariffs in the ASEAN meeting

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.