Property News · June 15, 2017

China shrugging off Fed action as yuan depreciation pressure eases


China’s monetary authority has shrugged off the US Federal Reserve’s fourth interest rate increase in two and a half years this week, as the Chinese macroeconomic reality demands a different tool kit and a radically different approach to its previous policies, economists said.
The Fed’s two interest rate increases in December 2015 and December 2016 led to massive outflows of funds from China’s shores and a 7 per cent depreciation in the renminbi, that was only stabilised…

Source : South China Morning Post
Read more…China shrugging off Fed action as yuan depreciation pressure eases

You may also like...