People's Bank of China Would Raise Interest Rate
Posted 01-21-2011 at 03:29 AM by Forexikon
Tags forex
According to the report, the annual economic growth in China was very good last year. Although the rising of inflation in China became slow slightly, the world's major investment Banks upgraded inflation forecast in China and increased prediction that People’s Bank of China would take tightening monetary policy to restrain the inflation.
Chinese GDP increased by 10.3% in 2010, which was more than expectation. Meanwhile, Chinese Consumer Price Index increased by 3.3% last year.
The analysts pointed out that People’s Bank of China would raise deposit reserve ratio 150 points and would raise interest rate 50 points totally in six months.
Chinese GDP increased by 10.3% in 2010, which was more than expectation. Meanwhile, Chinese Consumer Price Index increased by 3.3% last year.
The analysts pointed out that People’s Bank of China would raise deposit reserve ratio 150 points and would raise interest rate 50 points totally in six months.
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