PBOC’s Wang: Slower Fed hikes in 1H 2023 will give China more policy room

Dhwani Mehta FXStreet

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.

Author

Dhwani Mehta

FXStreet

Residing in Mumbai (India), Dhwani is a Senior Analyst and Manager of the Asian session at FXStreet. She has over 10 years of experience in analyzing and covering the global financial markets, with specialization in Forex and commodities markets.

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