在线国产一区二区_成人黄色片在线观看_国产成人免费_日韩精品免费在线视频_亚洲精品美女久久_欧美一级免费在线观看

   

China raises interest rates for 5th time in 2007

By Zhang Ran (China Daily)
Updated: 2007-09-14 18:36

The central bank raised interest rates for the fifth time this year on Friday as part of its continuing efforts to arrest the rising inflation graph and prevent the economy from overheating.

The benchmark one-year lending and deposit rates will be raised by 0.27 percentage points from September 15, the People's Bank of China, the central bank, said on its website.

That means the one-year lending rate will increase from 7.02 percent to a nine-year high of 7.29 percent, and the deposit rate will rise from 3.6 percent to 3.87 percent.

The last interest rate hike was on August 21.

"The move was predictable," BNP Paribas Peregrine Securities chief economist Chen Xingdong said. "Over the past months, the central bank has been trying to check the rising prices of consumer products, which now is the biggest concern of the government."

The consumer price index (CPI), a key gauge of inflation, rose to 6.5 percent in August, driven mainly by rising food prices and the highest since December 1996.

The supply of money grew 18.09 percent in August, exceeding the central bank's annual target of 16 percent for the seventh consecutive month. And urban fixed-assets investment rose 26.7 percent in the first eight months of the year.

"These figures in aggregate suggest a continuous strong growth momentum in the real economy amid excess liquidity," JP Morgan Securities (Hong Kong) chief economist Frank Gong said.

Given the latest macro developments, analysts said Friday's interest rate increase might not be the last this year. The central bank could raise it again in October, Chen said, while Gong forecast one more increase of 0.27 basic points by the end of the year, followed by another in the first quarter of next year.

Chen, however, felt Friday's interest rate hike will have very limited impact on the property and stock markets. "Even after the interest rate increase, the real deposit rate remains in negative territory. Since people still fear higher inflation in the following months, they will invest more in stocks or the property market," Chen said.

But China Jianyin Investment Securities Co senior analyst Li Zhikun disagreed. Given the series of money tightening moves, fixed-assets investment will finally be curbed, he said. This in turn could slow down public companies' growth prospects and help cool down the stock market in the long run.



Top China News  
Today's Top News  
Most Commented/Read Stories in 48 Hours
主站蜘蛛池模板: 国产农村妇女aaaaa视频 | 伊人久久综合 | 日本乱子伦 | 一区二区三区网站 | 亚洲精品一区二区三区蜜桃久 | 一区二区三区精品视频 | 久久精品久久久久 | 国产精品123区 | 日韩精品少妇 | 黄色a一级片| 深夜视频在线观看 | 欧美天堂| av免费看片 | 91福利视频导航 | 真实人妻互换毛片视频 | 国产一区在线视频 | 欧美一级淫片免费视频魅影视频 | 日韩av在线不卡 | 成年人免费在线视频 | 国产精品入口夜色视频大尺度 | 久久久久久一区二区 | 午夜在线小视频 | 青草av在线 | 三上悠亚一区二区 | 麻豆一区二区 | 91久久国产综合久久91精品网站 | 二区三区在线观看 | 欧美日韩 | 日本69视频 | 欧美不卡一区二区三区 | 精品欧美在线 | 中文字幕在线观看第一页 | 欧美国产在线观看 | 天天干夜夜爽 | 亚洲国产成人av | 国产视频福利 | 久久草视频 | 黄色片免费在线观看 | 国产精品久久久999 成人在线国产 | 欧美黄视频 | 日韩黄网|