PBOC sets yuan mid-point at 6.1490

Federal Reserve Evans, who is answering questions after a speech, later also to meet with reporters, said via Bloomberg, he expects rates rising in H2 of 2015, adding he would prefer later. With regards to growth, Evans foresees a rate of 3% for the rest of 2014, into 2015. On rate hikes, Evans added that it will depend on inflation pick up, noting rates to rise ‘at least’ six months after QE ends.