The BSP will also continue to stabilize financial conditions through reforms that will foster healthy financial balance sheets. We will guard against systemic failures through liquidity provision when necessary, while keeping inflation under control. This will ensure the effective functioning of transmission channels for monetary policy. In turn, this should reinforce confidence in the financial markets and in the economy as a whole.
At a meeting between the Chinese President and the Federal Chancellor during the former’s visit in March 2014, both countries agreed to establish a high-level financial dialogue. This took place for the first time in the spring of this year in Berlin. The aim of the meeting between the finance ministries and the central banks is to institutionalise cooperation, also in financial matters.