Core inflation in the euro zone is likely to stay high for the rest of 2023, ECB policymaker Pablo Hernandez de Cos said on Monday, leaving the door open for further interest rate hikes.

Japan's new central bank governor Kazuo Ueda said it was appropriate to maintain the bank's ultra-loose monetary policy for now as inflation has yet to hit 2% as a trend, suggesting he will be in no rush to dial back its massive stimulus.

South Korea's central bank on Tuesday held interest rates steady for a second consecutive meeting, as expected, saying inflation remained the prime policy target even as economic growth would likely miss its projection.

Chinese consumer inflation read weaker than expected in March, while producer price inflation contracted at a steady pace amid growing signs that a post-COVID economic recovery in the country, especially in the manufacturing sector, was losing steam.

China's consumer inflation in March hit the slowest pace since September 2021, weighed by sluggish food prices, official data showed on Tuesday, suggesting demand weakness persists amid an uneven economic recovery.

The U.S. banking system remains strong and resilient, but American officials will continue working with foreign counterparts to bolster financial resilience after recent bank failures, U.S. Treasury Undersecretary Jay Shambaugh said on Monday.