China talks down speculation of interest rate rise

China talks down speculation of interest rate rise - A senior Chinese central banker on Thursday played
down the need for an imminent rise in borrowing costs - the PBOC was concerned about containing inflation
expectations but signaled that it was wary of endangering growth by jacking up interest rates when it has
other instruments in its policy toolkit that it can use first. "Interest rates are part of the whole thing, not
necessarily the issue," said Zhu (Zhu Min, a deputy governor of the People's Bank of China). Reuters