China's central bank may raise interest rates this weekend to enshrine its shift to a "prudent" monetary policy in the face of rising inflation, Reuters reported on Dec 7, citing the China Securities Journal.
! j) v8 e( C* H N8 P The paper said that this weekend offered a "sensitive window" for a rate rise, which would be the country's second in its current tightening cycle.( n' y; O- z; j% ]: r
The newspaper said the timing was right for such a move with official monthly economic indicators, notably the consumer price index (CPI), likely to show an increase in inflationary pressure when released on Monday, Dec 13.
, N, k6 u0 F: z' K3 p "With reference to the central bank's record of raising interest rates just ahead of the release of CPI, this weekend will provide a window for a possible policy change," the newspaper said, without citing any source.
# Z/ w8 Q r) ] China's CPI in November may have risen to a 27-month high of 4.7 percent from a year ago, according to a Reuters poll, up from a 4.4 percent pace in October.9 T% F* l4 j# R! W8 r
The newspaper added that the expected interest rate increase would form part of China's new monetary policy stance.
7 t9 R- p2 y5 x p( [, }9 [( i The country's top leadership said last week that Beijing was switching to a "prudent" monetary policy instead of its earlier "moderately loose" stance, paving the way for future monetary policy tightening. |
发表于 2012-8-16 08:12:37
