Market observers believe the People’s Bank of China (PBOC) will refrain from following the US Federal Reserve in cutting interest rates. Photo: Bloomberg
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

Market observers believe the People’s Bank of China (PBOC) will refrain from following the US Federal Reserve in cutting interest rates. Photo: Bloomberg
Market observers believe the People’s Bank of China (PBOC) will refrain from following the US Federal Reserve in cutting interest rates. Photo: Bloomberg
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