Yellen's Shadow Looms Large Over China's Central Bank Policy
- People’s Bank of China tightened policy hours after the Fed
- Officials say domestic drivers remain their primary influence
Rabobank's Every Says China Is Least Free Major Economy
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Call it the Yellen effect.
The Federal Reserve’s March 15 rate hike underscored a subtle shift at the People’s Bank of China: long reluctant to be influenced by global counterparts, it now appears to be in step with the U.S.