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

  Home>News Center>China
       
 

Immediate interest rate rise unlikely
By Chuan Yu (China Daily)
Updated: 2004-09-29 09:07

China's central bank said yesterday the country's rapidly growing economy is heading towards the macro management targets the authorities outlined for this year.

The central bank's optimistic view will help dampen speculation in the marketplace about an immediate interest rate increase, widely seen as the next appropriate major step the authorities can take to slow down economic growth, analysts said.

"Generally speaking, the monetary policy actions taken so far have had their effect, and the current monetary and credit performance is in line with targets of steady monetary and credit growth," the People's Bank of China's (PBOC) Monetary Policy Committee said yesterday in a statement on its third-quarter meeting.

During the next three months, the bank will flexibly deploy multiple monetary instruments, further promote the fundamental role of interest rates in resource allocation, and continue to fine-tune money supply and credits properly, it said.

Speculation about an interest rate rise has been running high in recent months, especially as Chinese residents are growing impatient about negative real interest rates.

China's interest rates are at a year's low, with the one-year deposit rate standing at only 1.98 per cent, while prices have kept accelerating to turn real interest rates negative. Consumer price index growth was over 5 per cent in August.

Yet key economic data are sending only mixed signals. While the consumer price index remains relatively high, growth in money supply and new loans has been slowing more significantly than expected.

Wang Yuanhong, a senior analyst with the State Information Centre, said the possibility of an interest rate hike in the near term was remote, taking note of a rapid slowdown in monetary and loan growth that threatens to disrupt economic growth.

Although there remains the possibility of a rebound in fixed investment that calls for an interest rate rise, "with the central bank watching the situation now, the possibility is slight," he said.

The central bank said earlier this month that its task of leading the economy to a soft-landing remains at a critical juncture, warning that any let-up in policy restraint may risk conceding ground already gained in the campaign.

China has taken a raft of measures, including raising bank reserve requirements and administrative measures such as imposing strict land controls and credit curbs, to contain the fast growth in fixed investment and money supply that started in the latter half of last year.

The frenzied investment and loan growth raised worries about the economy becoming overheated.

Fixed investment growth registered only 18.3 per cent in May, which compared to more than 50 per cent in the first two months of the year, while money supply growth slid to 15.3 per cent in May from over 20 per cent earlier this year.



 
  Today's Top News     Top China News
 

Province fills leading positions via election

 

   
 

Immediate interest rate rise unlikely

 

   
 

Death toll from boat accident rises to 28

 

   
 

Strong earthquake shakes central California

 

   
 

Birth anniversary of Confucius remembered

 

   
 

Graduates' job situation improving

 

   
  China supports rational reforms of UN
   
  Cadres get their posts via election
   
  Patent on Viagra faces challenge
   
  Circular economy enhances development
   
  Country dominates at Paralympics
   
  Graduates' job situation improving
   
 
  Go to Another Section  
 
 
  Story Tools  
   
  Related Stories  
   
Country unaffected by US rate
   
Interest rate hike looming in China?
   
Interest rate rise not likely in short term
   
Experts: Interest rate rise not likely in short term
   
Central bank denies rumour
   
China may raise rates if inflation exceeds 5%
  News Talk  
  It is time to prepare for Beijing - 2008  
Advertisement
         
桃源县| 祁连县| 密山市| 崇仁县| 淮滨县| 宁德市| 嫩江县| 天祝| 错那县| 龙州县| 确山县| 太湖县| 车致| 峨眉山市| 衡南县| 黄浦区| 泾源县| 津市市| 平泉县| 揭阳市| 兰西县| 华亭县| 邹平县| 麦盖提县| 咸宁市| 环江| 安化县| 葵青区| 连江县| 台江县| 定襄县| 安仁县| 屯留县| 招远市| 达州市| 双江| 铁力市| 平远县| 平利县| 高碑店市| 石阡县|