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central bank suddenly raising interest rates again to combat inflation pressures

for the central bank suddenly raising interest rates again, analysts say, bank selection in the lunar new year just past the hike on this node, designed to address the current inflationary pressures that cannot be ignored. central bank has released the four-quarter monetary policy report also warned liquidity interwoven factors, structural factors and inflation expectations may influence would aggravate inflationary pressures this year.
 
for the central bank suddenly raising interest rates again, analysts say, bank selection in the lunar new year just past the hike on this node, designed to address the current inflationary pressures that cannot be ignored.
 
, "interest is not surprising, has been before the central bank is expected to raise rates before and after the spring festival, mainly because the current inflationary pressures we face is high, this is the root cause of the central bank to raise interest rates at this time. "dean of the central university of finance zhang liqing said.
 
, "the increase in interest rates should be on january credit growth is likely to remain relatively fast, and prices are likely to hit overseas commodity prices continued to rise in the near future the inevitable policy reflect. "financial ba shusong, deputy director of the institute of development research center of the state council said.
 
"the increase reflects the central bank's forward-looking and flexible regulation and targeted. "lian ping, chief economist of bank of communications believes that although the january price index yet to be published, but in just after the lunar new year holiday, the bank announced an interest rate hike on this node, indicating january cpi per cent higher than in december last year.
 
, "in addition, more upward pressure on prices in china in the first half of this year, raising interest rates at this time and for the price controls and lay a solid foundation for the year, monetary policy to curb rising prices play a better role in the future. "lian ping said.
 
, "taking into account the spring festival and recently in some provinces in the south of low temperature of freezing weather affecting steamed production and transportation, january cpi growth again in december 2010 than to speed up. "lian ping believes that rising prices of food and other agricultural products, labour and resource prices upward, and domestic liquidity is still ample, international commodity prices would push up inflationary pressure in the first half.
 
's central bank has released the four-quarter monetary policy report also warned liquidity interwoven factors, structural factors and inflation expectations may influence would aggravate inflationary pressures this year.
 
after the rate rise, residents ' triennial deposit interest rate up to 4.5%, five-year deposit interest rate up to 5%, respectively than the previous increase of 0.35 and 0.45%, experts pointed out that promotion of deposit interest rates, to protect the interests of depositors, can relieve the social expectations of inflation to a certain extent.
 
, "interest rates to gradually ease the problem of negative interest rates for bank deposits. at least let depositors feel, compared with rising prices, medium-and long-term deposits are hedging, speaking from this angle, rate hike could knock down rising inflation expectations. "finance and economics guo tianyong, director of banking research center said.
 
count rate, in less than five months, china's central bank has raised interest rates three times in a row, which, analysts say, with some emerging market countries, china has entered the interest rate hike cycle.
 
"price stability is the responsibility of a central bank, and raising interest rates is most direct means of control prices. along with the gradual increase of the risk of rising prices, china has gradually entered the interest rate hike cycle. "zhang qizuo, vice chancellor of the university in chengdu said.
 
, "levels of economic growth, commodity prices and interest rates matching, the current low level of interest rates, does not eliminate the possibility of rates continue to rise in the future. "however, lian ping believes that due to the continuous interest rates will increase the cost of business, can also bring risks to the bank and the real estate market, so are not likely to raise rates sharply several times, how to handle maintaining steady and rapid economic development, adjusting economic structure and managing inflation expectations among the three relationships, will test monetary authorities control wisdom.
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