Australia's economy is progressing in its rebalancing from mining-led growth, aided by accommodative monetary policy, a stance that will be in place for some time to come, Australia's top banker said on Thursday.
Financial stability risks have risen amid a moderate and uneven global economic recovery, and are harder to assess and address after they have rotated to parts of the financial system, the International Monetary Fund (IMF) warned Wednesday.
China may face more challenges from changes in monetary policy at the U.S. Federal Reserve (Fed) than the European Central Bank's (ECB) quantitative easing (QE) program that began on Monday, an European expert has said.
As China walks the economic tightrope of balancing steady growth, facilitating restructuring and combating deflation risks, Zhou Xiaochuan said there may be room for flexibility despite consistent championing of a prudent monetary policy.
U.S. Federal Reserve Chair Janet Yellen said Tuesday that sanctions for currency manipulation should not be included in trade deals because that could "hamper the conduct of monetary policy".
China will continue its prudent monetary policy, flexibly use monetary instruments and maintain "moderate" liquidity to achieve reasonable growth in loans and social financing, the central bank said on Sunday.
China's consumer prices increased at a slower pace in April as the cost of fresh vegetables and pork both declined, official data showed on Friday.
The People's Bank of China (PBoC), the central bank, vowed to maintain continuity and stability of its monetary policy in a report released on Tuesday.
China's prudent monetary policy is unlikely to change in the near future as stronger-than-expected lending in January suggest robust demands in the real economy.
In her first testimony to Congress, U.S. Federal Reserve Chair Janet Yellen said on Tuesday she would continue to implement the monetary policy made by former Chair Ben Bernanke.
Experts predict the Chinese central bank's monetary policy to be variable this year as both global and domestic markets face uncertainties.
China's key fiscal and monetary policy will be kept unchanged in 2014, signaling that the government will target internal structural reforms while maintaining stability and containing risks, analysts have said.
Japan's monetary base rose 52.5 percent in November from a year earlier to a record 189.72 trillion yen (about 1.84 trillion U.S. dollars) due to the central bank's ultra loose monetary policy aimed at beating Japan's prolonged deflation, according to local media Tuesday.
U.S. Federal Reserve chief nominee Janet Yellen said Thursday that the country's economy still needs the central bank's life support and premature withdrawal of stimulus would be costly.
The Bank of Japan decided Wednesday to keep its current monetary easing policy aimed at beating deflation, according to a statement released after a two-day policy meeting of the bank.
Japanese Finance Minister Taro Aso said Tuesday the Bank of Japan's monetary easing is aimed at overcoming the country's prolonged deflation and that he will explain the program to Group of 20 financial chiefs later this week in Washington.
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