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2/2 © Reuters. FILE PHOTO: People walk past the headquarters of the People’s Bank of China (PBOC), the central bank, in Beijing, China September 28, 2018. REUTERS/Jason Lee 2/2 SHANGHAI (Reuters) – China will further cut interest rates to stabilise the economy, as shrinking China-U.S. yield spreads won’t change Beijing’s monetary policy loosening bias, the China Securities Journal reported on Monday, citing former central bank adviser Yu Yongding. The comments by Yu, an influential economist at the Chinese Academy of Social Sciences, comes as the U.S. Federal Reserve is widely anticipated to hike interest rates later this week amid higher...
