PBOC’s Ji: There is room for an increase in interest rates in the short term

The China Daily reports comments from the PBOC’s Research Bureau Deputy Head, Ji Min, delivered over the weekend.

Key Headlines:

Room for an increase in interest rates in the short term.

Citing industrial product prices and corporate profitability improving since last year.

PBOC will assess both inflation and foreign exchange rates before adjusting interest rates.

Higher interest rates will help to squeeze asset bubble and restrain debt expansion.