Thursday, 31 July 2025, 9:46 am

    Central bank chiefs tackle geopolitics, inflation, and AI at EMEAP 2025

    Central bank governors from East Asia and the Pacific convened in Bangkok for the 30th EMEAP (Executives’ Meeting of East Asia-Pacific Central Banks) Governors’ Meeting, chaired by Bank of Thailand Governor Sethaput Suthiwartnarueput.

    To mark the group’s 30-year milestone, members unveiled the “Look Back, Look Forward” report, highlighting EMEAP’s key achievements in regional financial cooperation, including work on the Asian Bond Fund, crisis response frameworks, and contributions to global regulatory dialogue such as Basel II and the Volcker Rule. The report also outlines strategic directions for the medium term, with a focus on institutional effectiveness and stronger collaboration.

    Looking ahead, governors identified four key themes shaping the region: geopolitical tensions, inflation dynamics, digital and AI disruption, and climate-related risks. They agreed on an enhanced work process and closer coordination among EMEAP working groups to strengthen regional resilience and financial stability.

    The meeting included focused discussions on geoeconomic fragmentation and supply-side-driven inflation, with participants evaluating policy responses and calling for greater regional cooperation in response to shifting global dynamics.

    The 31st EMEAP Governors’ Meeting will be hosted by the Monetary Authority of Singapore in 2026.

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