PBOC official: Fed should delay rate hike
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.