The one-year benchmark lending rate is currently set at 4.35 per cent, while the one-year deposit benchmark rate is set at 1.5 per cent. Photo: Bloomberg

China unlikely to follow US Federal Reserve interest rate cut, central bank governor suggests

  • People’s Bank of China chief Yi Gang tells Chinese magazine ‘Caixin’ that Beijing does not always follow rate changes made by its American counterpart
  • The US Federal Reserve is widely expected to announce a 0.25 percentage point cut next week
Topic |   China economy

TOP PICKS

The one-year benchmark lending rate is currently set at 4.35 per cent, while the one-year deposit benchmark rate is set at 1.5 per cent. Photo: Bloomberg
READ FULL ARTICLE
Zhou Xin

Zhou Xin

Zhou Xin co-leads the political economy team at the Post. He mainly covers economic stories but also writes about Chinese politics and diplomacy. He has previously worked for Reuters and Bloomberg in Beijing.