PBOC Shrugs Off Yellen and Makes Room to Handle Deleveraging
- China’s central bank skips borrowing cost rise to follow U.S.
- ANZ analyst says ‘Fed decisions are becoming less influential’
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Zhou Xiaochuan is breaking stride with Janet Yellen.
The People’s Bank of China Governor refrained on Thursday from following the Federal Reserve in raising borrowing costs, a switch from March when the central bank increased money-market costs hours after its U.S. counterpart tightened.