Fed’s Williams Signals One More Rate Hike Before Year-End 
RBI Uses $10 Billion Currency Swaps to Drain Excess Rupee Liquidity 
BOJ Set for 25-Basis-Point Rate Hike as Yen Weakness Fuels Inflation 
RBA Set for September Rate Hike as Inflation Stays High 
BlackRock’s Rick Rieder Favors Bonds Over Stocks as Treasury Yields Surge 
RBA Hikes Interest Rate to 4.60% as Inflation Risks Rise 
India Manufacturing Growth Hits Seven-Month High in September 
Oil Prices Slide as Middle East Flows Recover 
Nasdaq Futures Jump as Micron Earnings Boost AI Trade 
Japan Factory Output Unexpectedly Falls 1.7% in August 
Asian Stocks Rise as Bond Yields Ease Ahead of U.S. Inflation Data 
BOJ Flags Import Costs and Yen Shocks as Persistent Inflation Risks 
Central Banks Could Buy 20,000 Tonnes of Gold: BofA 
Australia Trade Surplus Shrinks Sharply as Imports Surge 
Gold Rebounds as Oil Falls and Treasury Rout Eases 
Fed’s Hammack Says Bond Yield Surge Is Not Driven by Inflation Fears 
Add as a preferred source on Google
China's central bank governor, Pan Gongsheng, emphasized the importance of a stable yuan for global financial stability, reaffirming Beijing’s commitment to allowing market forces to determine the exchange rate. Speaking at the AlUla Conference for Emerging Market Economies in Saudi Arabia, Pan noted that despite the U.S. dollar’s strength and the depreciation of many other currencies, the yuan has remained stable amid market volatility.
Pan highlighted China’s shift towards boosting domestic consumption as a key economic priority for 2025. The government plans to implement pro-consumption measures, including raising household incomes and providing subsidies, to reduce reliance on investment and address potential export challenges. This shift aligns with China's broader strategy to stimulate domestic demand and sustain economic growth.
Additionally, Pan announced that China will adopt a proactive fiscal policy alongside an accommodative monetary policy, enhancing counter-cyclical adjustments to support the economy. These measures aim to maintain economic stability and foster growth, ensuring resilience in a challenging global financial landscape.
The yuan’s stability, coupled with China's focus on domestic consumption and supportive fiscal measures, underscores the nation’s strategic approach to navigating global economic uncertainties while sustaining internal economic momentum.
