China doesn’t need to raise interest rates for now: Central Bank vice governor

March 4, 2017 BEIJING (Reuters) – China’s Central Bank does not need to raise interest rates or cut reserve requirement ratios (RRR) for the time being, Yi Gang, a vice central bank governor, was reported as saying on Saturday. Yi spoke to reporters ahead of the annual meeting of the Chinese People’s Political Consultative Conference (CPPCC), which advises parliament. Yi said the bank still needs to assess market conditions before deciding on whether it will increase rates, according to financial magazine Yicai. China’s foreign exchange reserves remain ample despite a…

Read More