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PBOC Governor Pan Gongsheng in Bangkok
PBOC Governor Pan Gongsheng says global imbalances can't be fixed by exchange rates alone.
In brief
PBOC Governor Pan Gongsheng says global imbalances can't be fixed by exchange rates alone. PBOC Governor Pan Gongsheng states global economic imbalances require joint efforts from deficit and surplus countries, not exchange rate adjustments. Originally reported by BigGo Finance.
PBOC Governor Pan Gongsheng
PBOC Governor Pan Gongsheng spoke at the G20 Finance Ministers and Central Bank Governors Meeting in Bangkok on October 15.
Global Imbalances
Pan Gongsheng states global imbalances cannot be resolved through exchange rate adjustments alone.
“global imbalances cannot be fixed by exchange rates”
Geopolitical Conflicts
Intensifying geopolitical conflicts remain the greatest source of economic uncertainty.
Financial Fragility
Sovereign bond volatility and AI asset risks heighten financial fragility.
China's Monetary Policy
PBOC will maintain moderately loose monetary policy for stable economic growth.
G20 Meeting
G20 held third finance ministers and central bank governors meeting in Bangkok on October 15.
The bottom line
PBOC Governor Pan Gongsheng states global economic imbalances require joint efforts from deficit and surplus countries, not exchange rate adjustments.
