The European Central Bank and the People’s Bank of China have signed a Memorandum of Understanding on cooperationChristine Lagarde, President of the European Central Bank (ECB), and Pan Gongsheng, Governor of the People’s Bank of China signed the MoUon cooperation in the field of central bankingthis MoU updates the previous MoU of 2008MoU includes a framework for the regular exchange of information, dialogue and technical cooperation between the two institutions.Lagarde:“It is important that we sustain global cooperation, and I am pleased to sign this MoU together with Governor Pan as a sign of our continued dialogue with the People's Bank of China” This article was written by Eamonn Sheridan at www.forexlive.com.