China Suddenly Not So Trigger-Happy When It Comes To Calling The Fed

Danger, Will Robinson! So as you might have heard, China did not follow the Fed on Thursday by hiking OMO rates. The PBoC kept the reverse repo rate unchanged following the Fed hike, a break with recent precedent and it looks like reason for their reluctance is tied the prospect of economic weakness. https://twitter.com/heisenbergrpt/status/1007078430670774273 "[Their decision to hold" was a surprise for markets as the previous few times the central bank has immediately followed the Fed’s r