Market observers believe the People’s Bank of China (PBOC) will refrain from following the US Federal Reserve in cutting interest rates. Photo: Bloomberg
China unlikely to follow expected US Federal Reserve rate cut despite economic slowdown, analysts say
- Analysts say the People’s Bank of China is unlikely to immediately follow a widely tipped rate cut by the US Federal Reserve
- The bank has promised ‘prudent monetary policy’ as it deals with domestic issues such as rising consumer inflation and the effects of the trade war with the US
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Market observers believe the People’s Bank of China (PBOC) will refrain from following the US Federal Reserve in cutting interest rates. Photo: Bloomberg
