The central bank has taken a muted response to the Fed’s rate rise. Photo: Reuters
The central bank has taken a muted response to the Fed’s rate rise. Photo: Reuters

Why China’s central bank is taking a different path from the Fed on interest rates

Beijing is holding off on an interbank rate rise as it focuses on bigger priorities at home

The central bank has taken a muted response to the Fed’s rate rise. Photo: Reuters
The central bank has taken a muted response to the Fed’s rate rise. Photo: Reuters
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