China is unlikely to accelerate the adjustment of interest rate policy

Ross J Burland FXStreet

China Securities Journal commentary states that China is unlikely to accelerate the adjustment of interest rate policy.

The article stated that the Chinese economy fundamentals mean the risk of capital outflow is controllable.

Last meeting around, the PBoC left the rate at 3.85%, a rate that is based on a weighted average of lending rates from 18 commercial banks.

There has been no reaction in the market on the back of this article.

The PBoC will release its fix for the USD/CNY in trade coming up.

Author

Ross J Burland

FXStreet

Ross J Burland, born in England, UK, is a sportsman at heart. He played Rugby and Judo for his county, Kent and the South East of England Rugby team.

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