US Federal Reserve Board Chairman Jerome Powell on Wednesday announced yet another aggressive interest rate hike. Photo: AFP
US Federal Reserve Board Chairman Jerome Powell on Wednesday announced yet another aggressive interest rate hike. Photo: AFP
Yuan

China’s capital conundrum: US Fed hikes and geopolitical strife add fuel to yuan exodus

  • After another interest-rate hike by the US Fed, and with more to come, China’s central bank is looking to prevent a rapid depreciation of the yuan
  • Some analysts are calling for Beijing to maintain flexibility in the yuan’s exchange rate, even after it recently crossed a key psychological line of 7.0 yuan to the US dollar

US Federal Reserve Board Chairman Jerome Powell on Wednesday announced yet another aggressive interest rate hike. Photo: AFP
US Federal Reserve Board Chairman Jerome Powell on Wednesday announced yet another aggressive interest rate hike. Photo: AFP
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