Don’t dismiss ‘negative impact’ of US rate cut out of hand, China urged

A change in monetary policy by the US Federal Reserve will have a “negative impact on the world”, including China, and should not be “dismissed”, according to a top Chinese researcher.The US central bank last week signalled it is likely to raise interest rates in March, while also reaffirming its plans to end its bond purchases, before launching a significant cut in its asset holdings as it turns its attentions to tackling rising inflation.“I think it’s best for everyone not to dismiss it…

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