China Says Monetary Policy Stays ‘Self-Determined’ as Yuan Holds Firm After Fed Hike

The framing here matters more than the data: a Chinese brokerage analyst is arguing that the widened China-US rate gap has not disrupted the yuan or capital flows, which positions Beijing's policy autonomy as intact rather than constrained by the Fed. That claim is the crux, since a persistent rate differential normally pressures the weaker-yielding currency. The open question is whether cross-border net inflows and the yuan's range-bound trading persist if the gap stays wide.