PBoC might track Fed with rate hike if Fed hike in March

China Securities Journal/FXL reporting that the PBoC will likely raise interest rates in open-market operations in March should the Fed hike interest rates.

• likely to hike OMO rates by 5 basis points.
• (same as what it did on December 14 last year).
• Move won't have any major impact on domestic market as the possible hike has already been priced in.