China left the rates unchanged, despite the decision of the Fed


The Central Bank of China at the meeting on Thursday left short-term interest rates unchanged, although the Federal Reserve raised its key interest rate by 25 basis points to 2-2.25% on Wednesday. The decision of the Central Bank of China could again increase pressure on the yuan. According to the Fed forecast, the US economy will grow faster in 2018 than it was previously expected. At the same time, China's GDP growth is slowing against the backdrop of increased pressure on the Chinese economy due to US import duties. Enhancement of trade threats from the US and the weakening of economic activity in the country are prompting the Chinese authorities to soften the policy and reduce the cost of financing to help companies and maintain a steady growth in GDP.

The information and recommendations contained in this analytical document are published strictly for information purposes and are not considered as an offer to buy or sell the trading tools mentioned above and are not intended to motivate to perform certain transactions
Something went wrong