China's Zhou hints at further hikes

Zhou Xiaochuan, the head of the People's Bank of China, signalled that the central bank was set to make its seventh successive rate hike.

"There's room for using interest rates further," Zhou said in a discussion on the central bank's anti-inflationary policy with Bloomberg News.

The central bank's one-year lending rate stands at 7.47% following the seven hikes last year.

Faced with rampant food-price growth, Beijing is under pressure to curb inflation, which hit a 12-year high of 8.7% in February

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