Don't Confuse Fed Pause With End of Tightening Cycle: Wang

The transcript discusses the current state of monetary policy, focusing on the Federal Reserve's potential rate hikes and their implications for Asian central banks. It highlights the Fed's cautious approach and the possibility of a pause in rate hikes, while emphasizing that this does not signal the end of the tightening cycle. The discussion then shifts to Asian central banks, particularly the Bank of Korea and Bank of Indonesia, which are expected to hold rates steady. The transcript also examines China's economic transition from a rapid rebound to a slower recovery, noting the need for additional policy support and the central bank's reluctance to cut policy rates, opting instead to guide market interest rates through increased liquidity.

What is the current state of China's economy according to the speaker?

What does the speaker suggest about the effectiveness of monetary policy easing in China?