China may follow Fed lead in delivering rate cut
First cut in benchmark policy rate in four years by China's central bank cannot be ruled out if domestic and external economic conditions deteriorate further, say analysts
Shanghai
CHINA'S central bank could cut its benchmark policy rate for the first time in four years if the US Federal Reserve delivers a widely expected cut in late July, analysts say, as Chinese policymakers step up support for the slowing economy.
But strong US job gains tempered expectations the Federal Reserve will deliver a large rate cut.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
International
Vietnam tycoon appeals against US$27 billion fraud death sentence
US announces new restrictions on firearm exports
Central banks will probably only cut half as much as they hiked
US consumer sentiment falls as inflation expectations climb
HSBC wins £1.3 billion suit over Disney film finance scandal
WTO countries to reboot dispute reform negotiations