Comments from People’s Bank of China's Deputy Head Chen
- China CPI is not in a continued drop
- China's January surveyed-based employment rate 5.05%
- US central banks should improve coordination
- China-US communication, cooperation increasingly important
- Strong dollar cycle may trigger crisis in emerging mkt
- Emerging economies in dilemma on depreciation, inflation
- Differentiation of policies widen interest rate gap
- Spillover effects of global monetary easing increasing
- Global monetary policy differentiation is obvious
- Global economy in low growth, low inflation status
- Global coordination on economic policy possibly weakening
- Central banks' coordination is effective channel
via Bloomberg
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- Global cooperation based on coordinated economic policies may weaken
- Spillover effect from global monetary policy divergence is increasing
- Says if emerging markets cannot solve the issue of duration mismatch during deleveraging process financial turmoil is possible
- China's inflation is currently at relatively low level, conducive to a stable yuan
- Yuan stable against a basket of currencies, no basis for persistent depreciation
via Reuters