China's Latest Interest Rate Cut Not Warranted
July 6 (Bloomberg) -- Joy Yang, chief economist for greater China research at Mirae Asset Securities (HK) Ltd., talks about China's economy and central bank monetary policy.
In a 45-minute span yesterday, the European Central Bank and People’s Bank of China cut their benchmark borrowing costs, while the Bank of England raised the size of its asset-purchase program. Yang speaks with Susan Li on Bloomberg Television's "First Up." (Source: Bloomberg)