The governor of the Central Bank of Washington (Reuters) -Xina criticized the United States on Friday for threatening world financial stability with his “recent abuse” of rates, following the recent movements seen by both parties as efforts to barefoot their trade war.

“The recent U.S. rate abuse has severely violated the legitimate rights and interests of other countries, seriously diminished the rule -based multilateral governance system, treated a strong blow to world economic order, and damaged the stability and growth of the global economy,” said the Governor of China Pan Gongsheng in the conclusion of the Committee’s Committee meeting. Monetary.

“He has also triggered strong fluctuations in world financial markets,” which has threatened world financial stability and has led to challenges for emerging and developing nations, he said.

Pan added that there was an urgent need for countries to strengthen the coordination of policies and promote the liberalization of trade.

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China exempted some North -American imports of its strong rates in a sign The trade war between the first two economies of the world could relieve -although Beijing quickly demolished the statement of United States President Donald Trump, which negotiations were underway.

In the statement, Pan also said that the Central Bank of China will reduce the relationship of reserve requirements and the policy rate “as guaranteed by economic and financial developments at home and abroad, as well as the performance of the financial market”.

“We will adopt a combination of policies to maintain abundant liquidity, reduce the cost of responsibility of banks and permanently reduce the general financing costs of the real economy,” he said.

At the exchange rates, Pan said China “will continue to let the market play a decisive role in the formation of exchange rates, maintaining the flexibility of the exchange rate.”

“At the same time, we will better guide expectations and maintain the RMB change rate basically stable at an adaptive and balance level,” he said.

(Leika Kihara’s report; edition of Dan Burns)