CHINA

China Daily-June 15

China’s central bank surprised expectations by leaving borrowing costs for interbank loans unchanged on Thursday despite the US Federal Reserve raising benchmark interest rates. A decision that has sparked fresh concerns about the state of the Chinese economy.

It had been expected that the People’s Bank of China would raise borrowing costs after the Fed raised benchmark interest rates on Wednesday to reduce the risks of potential capital outflows.

Read more at: http://www.chinadaily.com.cn/a/201806/15/WS5b22f966a310010f8f59d125.html

First published in: China Daily