People walk past the headquarters of the People's Bank of China (PBOC), the central bank, in Beijing. Photo: Reuters
Fed cut could spark China interest rate reform, rather than easing from the central bank
- With US Federal Reserve expected to make first rate cut in a decade, all eyes are on response from Beijing
- Analysts suggest that the People’s Bank of China is more likely to usher in market-oriented reform than like-for-like cut
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China economy
People walk past the headquarters of the People's Bank of China (PBOC), the central bank, in Beijing. Photo: Reuters