menu search

PBOC adviser says that there is limited room for China to cut interest rates

PBOC adviser says that there is limited room for China to cut interest rates

PBOC adviser Wang Yiming

  • expects that China's 2023 GDP growth is likely to be above 5% if the impact of COVID ends
  • adds that growth will depend of the rollout of economic support measures
  • support measures are needed to lift market confidence and consumption
  • China has only limited room to lower interest rates
  • Slower hikes from the Federal Reserve next year will allow more policy room for China
  • The main problem in China's economy is a lack of f... Read More
Posted: Nov 23 2022, 03:20
Author Name: forexlive
Views: 1107100

Search within

Pages Search Results: