综合一区欧美国产,99国产麻豆免费精品,九九精品黄色录像,亚洲激情青青草,久久亚洲熟妇熟,中文字幕av在线播放,国产一区二区卡,九九久久国产精品,久久精品视频免费

   

Inflation could lead to rate hike: Central bank chief

By Xin Zhiming (China Daily)
Updated: 2007-06-25 08:27

Interest rates could be raised if inflation pressure keeps building, the central bank governor has said.

If the consumer price index (CPI), a key gauge of inflation, continues to rise, "we don't exclude the possibility of raising interest rates again," Zhou Xiaochuan said on Saturday in Basel, Switzerland, where he was attending a meeting of central bankers at the Bank of International Settlements.

The People's Bank of China raised rates twice this year, with the latest on May 19 when the benchmark one-year deposit rate was raised 27 basis points to 3.06 percent.

The same month, the CPI rose the highest in more than two years - 3.4 percent year on year - as pork and food prices soared. It was the third month this year that the CPI exceeded or nudged the 3 percent mark set by the central bank for this year.

Song Guoqing, a senior economist with the China Center for Economic Research at Peking University, said the June CPI could rise as high as 4 percent due to rapid rises in food prices.

Many economists said the CPI will continue on an upward trend until September or October.

Related readings:
 A duo of measures considered to stop deposit outflow
 Interest rate hike affects insurance proceeds
 
May figures spark talk of interest rise

Find more in
Markets Watch  

Zhang Yongjun, an economist with the State Information Center, said: "We forecast the CPI will peak at 4 percent around October before it starts to decline."

Dong Dezhi, economist with the Bank of China, said: "We have not seen signs of slow-down in CPI growth in June. It is more than possible that it will continue to rise on the back of the 3.4 percent level in May."

Apart from steep rises in pork and egg prices, prices of aquatic products and fruits have rebounded in June, adding to inflation pressure, Dong observed. Food accounts for about a third of the CPI basket.

While many worry that rising inflation would be inevitable, Zhuang Jian, a senior economist with the Asian Development Bank, said the authorities are well equipped to control inflation following the experience in the 1990s.

The high CPI rates forecast in the coming months presume that there will be no government intervention, he noted.


(For more biz stories, please visit Industry Updates)



安庆市| 荆州市| 阿合奇县| 宜阳县| 云林县| 武山县| 灯塔市| 黄山市| 荥经县| 长治市| 四会市| 海门市| 阿克| 夏津县| 婺源县| 会泽县| 泽库县| 恩平市| 祁东县| 长葛市| 邵阳市| 伊金霍洛旗| 建水县| 丹棱县| 富阳市| 酒泉市| 云安县| 唐海县| 昔阳县| 理塘县| 卢氏县| 北海市| 青阳县| 荥经县| 华坪县| 上蔡县| 华蓥市| 绥化市| 右玉县| 金昌市| 郯城县|