Yi Gang, governor of the People’s Bank of China, gestures during an interview in Beijing on June 7, 2019. Photo: Bloomberg Yi Gang, governor of the People’s Bank of China, gestures during an interview in Beijing on June 7, 2019. Photo: Bloomberg
Yi Gang, governor of the People’s Bank of China, gestures during an interview in Beijing on June 7, 2019. Photo: Bloomberg
Hao Zhou
Opinion

Opinion

The View by Hao Zhou

Why the People’s Bank of China is unlikely to raise interest rates next year

  • On the domestic front, the Chinese economy is not out of the woods yet and there is also the risk of disinflation
  • From a global perspective, loose monetary policy by central banks in the West would result in yuan appreciation were the PBOC to raise interest rates

Yi Gang, governor of the People’s Bank of China, gestures during an interview in Beijing on June 7, 2019. Photo: Bloomberg Yi Gang, governor of the People’s Bank of China, gestures during an interview in Beijing on June 7, 2019. Photo: Bloomberg
Yi Gang, governor of the People’s Bank of China, gestures during an interview in Beijing on June 7, 2019. Photo: Bloomberg
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Hao Zhou

Hao Zhou

Hao Zhou currently serves as a senior economist (emerging markets) with Commerzbank. He covers North Asia economic and markets research.