PBOC says not right time to raise rates

China will not raise interest rates at this time, a central bank official said, according to a report from the Xinhua news agency on Monday 3 April.

People's Bank of China spokesman Li Chao was quoted as saying in Shanghai that interest rate adjustments should be based on the economic situation and that 'it's not time to raise interest rates now.'

The spokesman did not specify the interest rates referred to, nor did he give more details, the report said.

Li said the Finance Ministry is studying

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact [email protected] or view our subscription options here: http://subscriptions.centralbanking.com/subscribe

You are currently unable to copy this content. Please contact [email protected] to find out more.

To continue reading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here: