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MAJOR EU COUNTRIES PUSH FOR TOUGHER CHINA POLICY AHEAD OF BRUSSELS DEBATE-SCMP

2026-05-25

MAJOR EU COUNTRIES PUSH FOR TOUGHER CHINA POLICY AHEAD OF BRUSSELS DEBATE-SCMP

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2026-05-25

1. Warsh was sworn in as Chairman of the Federal Reserve, emphasizing that the Fed will be "reform-oriented." 2. Fed Governor Waller: Given the growing risks to inflation, the Fed should no longer consider further rate cuts as the default plan; the

1. Warsh was sworn in as Chairman of the Federal Reserve, emphasizing that the Fed will be "reform-oriented." 2. Fed Governor Waller: Given the growing risks to inflation, the Fed should no longer consider further rate cuts as the default plan; the current stance is to keep interest rates stable in the short term. If inflation expectations lose their anchor, then rate hikes will be necessary. 3. ECB Governing Council member Demarco: The ECB may need to raise interest rates in June. 4. ECB President Lagarde: Long-term inflation expectations are generally stable. Necessary measures will be taken to ensure that price increases remain stable at 2%. The ECB may revise its inflation outlook in June. 5. Bank of Japan Governor Ueda Kazuo: I explained our monetary policy approach to the Prime Minister. (When asked about market expectations for a June rate hike) No specific details were discussed. The Prime Minister did not make any special requests of me. 6. Reserve Bank of India: India's foreign exchange reserves remain at a comfortable level. 7. The Governor of the Reserve Bank of India made a rare statement: The Indian rupee may be undervalued. 8. The Bank of Korea and the Ministry of Finance stated that South Korean financial authorities are closely monitoring the foreign exchange market.
2026-05-25

India's Finance Minister: The plan must protect citizens, safeguard the interests of exporters, and maintain economic stability.

India's Finance Minister: The plan must protect citizens, safeguard the interests of exporters, and maintain economic stability.
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