China central bank: any future fluctuations in forex reserves will be 'normal'

[September 08, 2015]  BEIJING (Reuters) - China's Central Bank said on Tuesday its intervention in the forex market was one of the reasons for a fall in foreign exchange reserves and any future fluctuations in reserves would be "normal".

China's foreign exchange reserves, the world's largest, shrank by $93.9 billion in August, the biggest monthly fall on record - to $3.557 trillion, central bank data showed on Monday.

The bank said the fall in forex reserves was also due to currency fluctuations.

The bank also said in a statement the Chinese economy could maintain medium- to high-speed growth in the long term and the current account would remain in surplus over the long term.

(Reporting by Koh Guiqing; Editing by Robert Birsel)

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