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But if there is a larger-than-expected split, it could complicate the message from the Bank’s governor, Mark Carney, who has sounded less urgent about the timing of a rate increase. However, he also emphasised that future rises will be slow, towards half the historical...

In space, food is freeze-dried, prepackaged, and frankly not always very tasty.

China’s central bank on Friday raised the yuan currency against the US dollar by 0.05%, the national foreign exchange market said, ending three days of falls after a surprise devaluation.

Global economic norms proved no match for China’s subsidies for politically-connected enterprises, questionable respect for intellectual property rights, state-sponsored computer hacking, opaque crackdowns on foreign companies and poorlabor and environmental standards.

What does it mean for those companies dependent on China?

With foreign exchange reserves of around $3.65 trillion, China has plenty of scope to sell dollars and shore up its own currency.

At a press conference, he said he stuck to his personal view that the decision about when to start raising rates from 0.5 per cent now was likely to come into sharper relief at the turn of the year.

Inflation is projected to rise from current lows “around the turn of the year“, as past falls in energy prices drop out of the annual comparison, the report said.

Despite the central bank maintaining the key rate, governor Mark Carney insisted that the time for a hike is moving closer.

The Bank of England (BoE) Thursday voted 8-1 to keep its main interest rate Bank Rate unchanged at 0.5 percent, and kept the quantitative easing (QE) policy at 375 billion pounds.

Just as his remark about the female journalist is distasteful, his comment about the devalued Chinese currency is extravagant.

The eurozone’s hopes for a strong economic recovery this year have soured over the past couple months, partly because of the crisis over Greece’s future in the currency zone and fading growth in China.

The report followed a downbeat official survey on Saturday which showed growth at manufacturing firms unexpectedly stalled, reinforcing views that the cooling economy needs more stimulus even as it faces fresh risks from a stock market slump.

Yesterday, China’s central bank set the guidance rate at 6.4010 per US dollar, weaker than the previous fix of 6.3306.

So the notion that China is evolving into a more market-oriented country is to impose a particularly American perspective on Chinese actions. Impose trade barriers if Beijing will not comply. By 1994 it was 8.62 RMB to the dollar (the lowest ever on the record).