国产热热热精品,亚洲视频久久】日韩,三级婷婷在线久久,99人妻精品视频,精品九热人人肉肉在线,AV东京热一区二区,91po在线视频观看,久久激情宗合,青青草黄色手机视频

   

BOC predicts interest rate hikes in first half

(Xinhua)
Updated: 2008-03-10 14:14

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 (BOC) 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 US dollar in the first half, but would gradually slow down.


(For more biz stories, please visit Industry Updates)



南宫市| 静宁县| 渭南市| 南华县| 清远市| 石狮市| 黎城县| 从江县| 聊城市| 天镇县| 璧山县| 正镶白旗| 乐亭县| 天峨县| 东港市| 布拖县| 定南县| 萨迦县| 齐齐哈尔市| 南和县| 竹溪县| 吴忠市| 鲁山县| 江孜县| 武强县| 南昌市| 江口县| 乐亭县| 霍邱县| 全州县| 永靖县| 石林| 卫辉市| 纳雍县| 伊吾县| 成安县| 缙云县| 青岛市| 绵竹市| 阜新| 吉林市|