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

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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.

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