Bloomberg News

Ex-PBOC Adviser Yu Doesn’t Expect Any More Loosening of Policy

October 20, 2011

Oct. 21 (Bloomberg) -- China won’t cut interest rates until inflation falls below 5 percent, Yu Yongding, a researcher with the Chinese Academy of Social Sciences and former central bank adviser, said in Beijing today.

Yu said he didn’t expect any tightening or loosening of monetary policy as China stabilizes its monetary stance.

To contact the editor responsible for this story: Gregory Turk at

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