EUR/USD
1.14692
0.069%
Gold
4557.96
1.041%
Oil
99.298
-2.589%
USD/JPY
159.626
-0.055%
GBP/USD
1.32105
0.206%
GBP/JPY
210.876
0.153%
Real-time News
On March 31, the Monetary Policy Committee of the Peoples Bank of China held its first quarterly meeting (the 112th overall) for 2026 on March 26. The meeting analyzed the domestic and international economic and financial situation, concluding that the impact of changes in the external environment is deepening, global economic momentum is weak, geopolitical and trade conflicts are frequent, the economic performance of major economies is diverging, and there is uncertainty regarding inflation trends and monetary policy adjustments. While my countrys economy is generally stable and progressing steadily, with new achievements in high-quality development, it still faces problems and challenges such as strong supply and weak demand, and external shocks. The meeting stressed the need to continue implementing a moderately loose monetary policy, increase counter-cyclical and cross-cyclical adjustments, better leverage the dual functions of monetary policy tools in terms of both quantity and structure, strengthen the coordination of monetary and fiscal policies, and promote stable economic growth and a reasonable recovery in prices.On March 31, the Monetary Policy Committee of the Peoples Bank of China held its first quarterly meeting (the 112th overall) for 2026 on March 26. The meeting emphasized the need to guide large banks to play a leading role in serving the real economy, and to encourage small and medium-sized banks to focus on their core businesses and enhance their capital strength. It stressed the importance of making good use of various structural monetary policy tools, optimizing tool management, and solidly implementing the "five major tasks" of financial development, strengthening financial support for key areas such as expanding domestic demand, technological innovation, and small and micro enterprises. The meeting also emphasized the need to continue providing financial services to support the development and growth of the private economy, maintain the stable operation of the financial market, and effectively promote high-level two-way opening up of the financial sector, improving economic and financial management capabilities and risk prevention and control capabilities under open conditions.March 31 – Eurozone inflation surged this month, exceeding the European Central Banks (ECB) 2% target, driven by a sharp rise in oil and gas prices. This has exacerbated the policy dilemma, as high energy costs are dragging down economic growth and also risk triggering an inflationary spiral. Data released by Eurostat on Tuesday showed that the eurozones overall inflation rate rose to 2.5% in March from 1.9% in the previous month, with energy costs rising by 4.9%. A rapid rise in energy inflation could easily spread if businesses factor in increased costs and workers demand higher wages due to declining real disposable income. ECB President Christine Lagarde stated last week that if the central bank remains on hold, the public may begin to question its commitment to combating inflation, which would strengthen the case for raising interest rates even in the event of a large but short-lived inflationary shock. Financial markets currently expect the ECB to raise interest rates three times this year, with the first potentially in April or June. While some officials, including Bundesbank President Jean-Claude Nagel, have indicated that a rate hike as early as April is an option, others, such as Executive Board member Schnabel, have warned against hasty action.According to Nikkei, Fujitsu will outsource the production of its advanced AI chips to Rapidus.According to Nikkei: Fujitsu will develop an advanced 1.4-nanometer AI chip.
