Home / Business / News Tools: Save | Print | E-mail | Most Read | Comment
BOC predicts interest rate hikes in first half
Adjust font size:  ZoomIn ZoomOut

Facing inflation caused both by increasing costs and rising demand, China is likely to raise its interest rates for once or twice in the first half, says a Bank of China forecast.

The BOC report forecast the consumer price index (CPI) in February would hit 8.3 percent.

It ranked inflation as the top threat to China's economy, which it said already had the preconditions of a demand-driven inflation, though the overall price hikes caused by rising demand were yet to occur.

If prices remained high for a long period, people would expect further rises and hoard commodity products, further pushing up prices, it said.

Xie Fuzhan, head of the National Bureau of Statistics (NBS), acknowledged that the CPI would climb even higher in February because of the severe winter weather that damaged crops, cut power supplies and disrupted traffic in eastern and southern China.

The inflation indicator reached 7.1 in January, its fastest pace in more than 11 years, according to official figures.

Xie, who is also a member of the central bank monetary policy committee, said they were yet to discuss whether to raise interest rates in the near future, but the tight monetary policy would not change.

The report noted the unconventional increase of foreign direct investment in January, saying it signaled more capital inflow into China on anticipation of faster yuan appreciation. It advised the central bank to expand exchange elasticity.

It also predicted that China's yuan would appreciate faster against the U.S. dollar in the first half, but would gradually slow down.

(Xinhua News Agency March 10, 2008)

Tools: Save | Print | E-mail | Most Read
Comment
Pet Name
Anonymous
China Archives
Related >>
- Bank governor voices room for interest rate increase
- Central bank may raise interest rate in March: study
- Economists divided over interest-rate increases
- Central bank deliberates interest rate rise
- Producer-price inflation hits 6.6%
- New inflation control target pragmatic and reasonable
Most Viewed >>
- CPI to hit new high in Feb
- 2008 Geneva Car Show
- China to establish 30 high-tech industrial bases
- A deal or a steal?
- Increasing soybean imports trigger off security worries

May 15-17 Shanghai Women's Forum Asia

Dec. 12-13 Beijing China-US Strategic Economic Dialogue

Nov. 27-28 Beijing China-EU Summit

- Output of Major Industrial Products
- Investment by Various Sectors
- Foreign Direct Investment by Country or Region
- National Price Index
- Value of Major Commodity Import
- Money Supply
- Exchange Rate and Foreign Exchange Reserve
- What does the China-Pakistan Free Trade Agreement cover?
- How to Set up a Foreign Capital Enterprise in China?
- How Does the VAT Works in China?
- How Much RMB or Foreign Currency Can Be Physically Carried Out of or Into China?
- What Is the Electrical Fitting in China?
主站蜘蛛池模板: 国产国产人免费人成免费视频| 大学生久久香蕉国产线看观看 | 国产丰满老熟女重口对白| chinesehd国产刺激对白| 国内精品久久人妻互换| www.日本高清| 成**人免费一级毛片| 中文无码精品一区二区三区| 日韩一区二区三区精品| 亚洲AV无码AV制服另类专区| 欧美人与性动交α欧美精品| 亚洲欧美国产精品完整版| 特级毛片爽www免费版| 伊人久久无码中文字幕| 精品久久国产字幕高潮| 卡一卡二卡三免费专区2| 老马的春天顾晓婷5| 国产乱子精品免费视观看片| 高清中国一级毛片免费| 国产欧美va欧美va香蕉在线| 调教视频在线观看| 国产精品无码不卡一区二区三区| 99久久免费观看| 在线观看日本中文字幕| AV片在线观看免费| 天天久久影视色香综合网| jizz日本在线观看| 女神校花乳环调教| 《波多野结衣系列mkmp-305》 | 大胸年轻的搜子4理论| xxxxx做受大片在线观看免费| 强制邻居侵犯456在线观看| 两个人一上一下剧烈运动| 成人免费视频88| 中文字幕亚洲第一| 打开双腿让老乞丐玩| 中文字幕日韩精品一区二区三区| 无套内射无矿码免费看黄| 中韩高清无专码区2021曰| 无码av天天av天天爽| 中文字幕日韩精品在线|