PBOC's Wu comments on rates, use of reserves

The People's Bank of China needs to further monitor the economy to assess whether or not it needs to hike interest rates again or not, State-owned China Central Television (CCTV) cited Wu Xiaoling, vice governor of the People's Bank of China as saying.

Wu said a decision on rates depends on the country's "economic operations", adding "now that macro controls have started to achieve their intended effect the keynote for all our macroeconomic policies should be to maintain continuity and stabili

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