ECB Signals Steady Rates Ahead as Policymakers Warn of Inflation Risks 
Asian Stocks Slide as Central Bank Decisions and Key Data Keep Investors Cautious 
Hong Kong Cuts Base Rate as HKMA Follows U.S. Federal Reserve Move 
Japan Exports to U.S. Rebound in November as Tariff Impact Eases, Boosting BOJ Rate Hike Expectations 
South Korea Warns Weak Won Could Push Inflation Higher in 2025 
Trump Orders Blockade of Sanctioned Oil Tankers, Raising Venezuela Tensions and Oil Prices 
BOJ Faces Pressure for Clarity, but Neutral Rate Estimates Likely to Stay Vague 
RBA Holds Rates but Warns of Rising Inflation Pressures 
Fed Meeting Sparks Division as Markets Brace for Possible Rate Cut 
Australian Consumer Sentiment Slumps in Early December as Inflation Fears Resurface 
Indonesia Aims to Strengthen Rupiah as Central Bank Targets 16,400–16,500 Level 
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.
