PBOC official: Fed should delay rate hike

Author: Adam Button | Category: Central Banks

PBOC official cited by Reuters:

  • China official says can't blame yuan devaluation for global market turmoil
  • Yuan may stabilize and resume appreciation after 2-3 years
  • China on track for 7% growth this year, has ample tools to support economy
  • Fed should delay hike, it could push some emerging markets into crisis

The unnamed PBOC official spoke with Reuters in an interview.

Those are some pretty strong works on a Fed hike.

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