PBOC official says no rate increase planned

People's Bank of China spokesman Bai Li that said he was unaware of any submission of detailed plans to raise interest rates to the State Council, according to a report published on Monday 14 June.

"We have not received any notification of any plan to adjust interest rates or the submission of a plan to the State Council", Bai said, contrary to a media report released over the weekend, AFX reported.

Asked whether the central bank is preparing to raise interest rates, Bai said, "We haven't rece

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