ECB Executive Board member Philip R. Lane says regular dialogue between the ECB and the People's Bank of China deepens mutual understanding and benefits both sides' financial ties. The two central banks have built a high-level channel since the first annual governors' meeting in Beijing in June 2025, alongside renewed currency swap facilities and joint work on green finance standards. Both sides also reached an understanding on hybrid vehicle trade consistent with WTO rules, while China's GDP grew 4.5% in the third quarter of 2026. Lane noted the euro area has proved more resilient than expected, but energy prices and inflation have risen sharply due to the Middle East conflict, and the ECB has implemented two rate hikes.
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| Market | Currencies |
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| Change that session | -0.04% |
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Related news
- Regular central bank dialogue underpins win-win China-EU economic and financial ties: ECB official
ECB Executive Board member Philip R. Lane said the ECB and the People's Bank of China maintain regular multi-channel exchanges, building on the first annual governors' meeting in Beijing in June 2025. The two central banks lead the Network for Greening the Financial System and back the G20 roadmap for cross-border payments. Lane said China's strong exports benefit European consumers and manufacturers, and that more domestic consumption would help both sides. China's GDP grew 4.5% year-on-year in the third quarter of 2026, while the euro area has proved more resilient than expected, prompting the ECB to raise its 2026 and 2027 growth forecasts. Energy prices and inflation are rising due to the Middle East conflict, and the ECB has implemented two rate hikes to bring inflation back to its 2% target.
- Regular central bank dialogue underpins win - win China - EU economic and financial ties : ECB official
- Regular central bank dialogue underpins win - win China - EU economic and financial ties : ECB official
- Regular Central Bank Dialogue Underpins Win-Win China-EU Economic and Financial Ties: ECB Official
ECB Executive Board member Philip R. Lane told Xinhua that regular exchanges between the ECB and the People's Bank of China, which began with a governors' meeting in Beijing in June 2025, deepen understanding that benefits both sides. He pointed to joint work on green finance, the G20 roadmap for cross-border payments, and European interest in China's open-weight AI models. Lane said China's GDP grew 4.5% year on year in the third quarter of 2026 and that its strong exports benefit European consumers and manufacturers. China and the EU have agreed to keep discussing lower tariffs on some goods under WTO rules and to let the European auto sector adjust gradually. Lane also said the euro area has proved more resilient than expected, but energy prices and inflation have risen sharply because of the Middle East conflict.
- Regular central bank dialogue underpins win - win China - EU economic and financial ties : ECB official
- Regular central bank dialogue underpins win - win China - EU economic and financial ties : ECB official
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