Asian central banks seek tools to defend growth
Governors say risks to stability may be transmitted through trade, foreign exchange, rates and capital flows
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Manila
ASIAN central banks said an expansion in policy instruments and careful coordination are essential to building defences against increased challenges to growth and financial stability in the region.
Central banks also must remain vigilant and strengthen their domestic economies amid changing global economic conditions, the governors of South East Asian Central Banks, the group known as Seacen, said in a statement after a three-day meeting in Manila that ended on Friday.
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