Federal Reserve official MUSALEM said the cornerstone of policy going forward should be credibility rather than growth expectations.

Yemeni Houthi movement urged people it says were deceived or misled by Yemeni leaders to leave enemy camps inside Saudi Arabia and return home before it is too late.

Liu Xingjuan, member of the Monetary Authority of Macao executive council and chair of the Macau Central Securities Depository (MCSD), led a delegation to Shanghai Clearing House for talks chaired by Shanghai Clearing House chairman Ma Jianyang; deputy general manager Huang Ning attended. Representatives from Hong Kong Xunqing Clearing Ltd. were present. Parties discussed interconnection of onshore and offshore bond-market infrastructure and extending southbound access to include Macao’s bond market. They said they will actively implement policy measures announced by PBOC Governor Pan Gongsheng at the Hong Kong Monetary and Fixed Income Summit, leverage financial infrastructure, and deepen Mainland–Hong Kong–Macao bond-market coordination to support higher-level financial opening.