Central bank to take no further regulatory measures

SteelOrbis Shanghai Tangxu, head of the research bureau under the People's Bank of China, stated that the overheated economic figures in April were the result of the rapid growth before. The central bank would not take further action in this regard. Having admitted the over liquidity problem in China, Tangxu said it was a reaction to the slight increase in bank loan interest rate. Tangxu noted that the central bank was observing the reactions in the market after the hike in bank loan interest rates. The central bank is not expected to consider announcing further regulatory measures until the economic figures in May and June are released.