China's top banking regulator said on Thursday that the country will not adopt 'flood-like' stimulus nor negative rates, warning that unprecedented easing by the Federal Reserve will dent U.S. credibility.
SHANGHAI - China’s top banking regulator said on Thursday that the country will not adopt “flood-like” stimulus nor negative rates, warning that unprecedented easing by the Federal Reserve will dent U.S. credibility.
“Major economies should actively consider the external impact of their own policies in a highly-integrated global economy,” Guo told a finance forum held in Shanghai via video. “When you introduce large-scale stimulus, everyone is cheering. It may be very painful at the time of exit.”
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