PBoC advisor says China has room to absorb shock from oil prices if Middle East conflict ends soon

The PBoC advisor's comments suggest that China is currently positioned to handle potential shocks from rising oil prices, particularly if geopolitical tensions in the Middle East stabilize quickly.

Newsquawk StaffPublished 31 Mar 2026, 03:05 UTCOn the live feed at 02:45 UTC — 1 more headline followed before this page went public

Newsquawk headlinesUTC

03:12

[MARKET ANALYSIS] Dollar marginally softens as oil pulls back

02:51

Explosion reports sounded in Shiraz Airport area in Iran

02:45

PBoC advisor says China has room to absorb shock from oil prices if Middle East conflict ends soon

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Israeli military says air defences are responding to Iranian missiles

02:40

Power outage hits east of Tehran following explosions

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Context

This may imply a more resilient outlook for the Chinese economy and could influence the PBoC's monetary policy decisions, potentially affecting the CNY and broader fixed income markets depending on how global commodity prices evolve. The market might view this as a supportive signal for risk assets if tensions ease and oil prices stabilize.

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