PBOC’s Wang: Slower Fed hikes in 1H 2023 will give China more policy room
|Wang Yiming, an adviser to the monetary policy committee of the People's Bank of China (PBOC), said on Wednesday, “slower Fed hikes in 1H 2023 will give China more policy room.”
Additional comments
The Chinese economy's main problem is a lack of financing.
China has limited room to cut interest rates.
Market reaction
USD/CNY was last seen trading at 7.1456, up 0.09% on the day.
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