China calls for better international consultation over monetary policy to ensure a ‘fairer’ international environment

China calls for better international consultation over monetary policy to ensure a ‘fairer’ international environment

China is calling on other countries, namely the US, to increase transparency over monetary policy decisions that spill over global inflationary pressure. Lu Lei, deputy head of the State Administration of Foreign Exchange, sounded the latest alarm bells saying that ‘Spillover effects from Countries policies lying at the core of the international monetary system deserve our close attention.’ Since the Pandemic, China’s fiscal and Monetary policy has seen a significant diversion from the expansionist policies used in the EU and the US. Read more about the policy differences that could exacerbate the threats to Global growth in 2022.

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