China's Wen says no plan for imminent rate rise

China's Premier Wen Jiabao has ruled out the possibility of an imminent rise in interest rates and added that the country would consider its own macroeconomic situation and inflation before making any decision on rates.

Chinese press said this is the first time the premier has commented publicly on interest rates, suggesting that the State Council sets monetary policy, not the central bank.

He also rejected speculation of a yuan rate-rise following the United States Federal Reserve's 25-basis

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 or view our subscription options here:

You are currently unable to copy this content. Please contact to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Central Banking? View our subscription options

If you already have an account, please sign in here.

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