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
Topic |
China economy
Market observers believe the People’s Bank of China (PBOC) will refrain from following the US Federal Reserve in cutting interest rates. Photo: Bloomberg
Chinese President Xi Jinping and US President Donald Trump have met twice already over the course of the 16-month trade war. Photo: AP
Donald Trump, Xi Jinping set for November 17 meeting in Chile to sign interim trade war deal: source
- Chinese President Xi Jinping and US President Donald Trump set to meet on the sidelines of the Apec summit in Chile next month, a source says
- The two state leaders are expected to sign an interim trade deal ‘if everything goes smoothly’
Topic |
US-China trade war
Chinese President Xi Jinping and US President Donald Trump have met twice already over the course of the 16-month trade war. Photo: AP