China Adjusts Reference Interest Rate; One-Day Rate Holds at 1.26%
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PBOC Governor Pan Gongsheng announced the central bank will closely monitor AI's effects on the economy, financial markets, and monetary policy, pledging proactive policy measures. This signals potential future policy adjustments in response to AI-driven economic shifts, though specifics remain unclear. The statement underscores growing official recognition of AI as a macroeconomic factor in China.
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