On the mainland, some pundits have argued China’s central bank is being hemmed in by higher US interest rates, which limits its ability to ease monetary policy to support a slowing economy. Photo: Xinhua
SCMP Editorial
Opinion

Opinion

SCMP Editorial

Fed approach gives China central bank more breathing space

  • With two, not three, rate increases hinted at next year by the US institution, the People’s Bank of China has extra room to manoeuvre during the trade war

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On the mainland, some pundits have argued China’s central bank is being hemmed in by higher US interest rates, which limits its ability to ease monetary policy to support a slowing economy. Photo: Xinhua
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