Language : English 简体 繁體
News

China Stands Pat on Rates This Time Despite Fed Hike

Jun 15 , 2017

China's central bank left interest rates for open market operations unchanged on Thursday, shrugging off an overnight increase in the U.S. Federal Reserve's key policy rate.

The People's Bank of China (PBOC) did not explain its rationale for keeping rates unchanged, after it followed a Fed hike within hours in March.

But the yuan is on steadier footing now, while domestic liquidity conditions are similarly tight. 

MORE HERE

< a href=" ">China US Focus
Back to Top