Bank of Korea senior deputy governor Kwon said FX volatility and geopolitical risks mean policy decisions need to be cautious and flexible.

Zhejiang provincial government office issued its 15th Five-Year fiscal plan, signaling a stronger, more sustainable fiscal stance. The plan targets higher local revenue mobilization, conversion of high-quality development into fiscal momentum and establishment of a high-quality, sustainable fiscal balance system; it pledges a more forceful active fiscal policy, stronger fiscal guarantees for major strategies and basic livelihoods, an improved "8+4" fiscal-support framework and closer coordination of fiscal policy with monetary, employment, industrial, regional and trade policies to optimize resource allocation and policy targeting.

Bundesbank says the German economy has finally entered a recovery phase.