久久亚洲国产成人影院-久久亚洲国产的中文-久久亚洲国产高清-久久亚洲国产精品-亚洲图片偷拍自拍-亚洲图色视频

  Home>News Center>China
       
 

Immediate interest rate rise unlikely
By Chuan Yu (China Daily)
Updated: 2004-09-29 09:07

China's central bank said yesterday the country's rapidly growing economy is heading towards the macro management targets the authorities outlined for this year.

The central bank's optimistic view will help dampen speculation in the marketplace about an immediate interest rate increase, widely seen as the next appropriate major step the authorities can take to slow down economic growth, analysts said.

"Generally speaking, the monetary policy actions taken so far have had their effect, and the current monetary and credit performance is in line with targets of steady monetary and credit growth," the People's Bank of China's (PBOC) Monetary Policy Committee said yesterday in a statement on its third-quarter meeting.

During the next three months, the bank will flexibly deploy multiple monetary instruments, further promote the fundamental role of interest rates in resource allocation, and continue to fine-tune money supply and credits properly, it said.

Speculation about an interest rate rise has been running high in recent months, especially as Chinese residents are growing impatient about negative real interest rates.

China's interest rates are at a year's low, with the one-year deposit rate standing at only 1.98 per cent, while prices have kept accelerating to turn real interest rates negative. Consumer price index growth was over 5 per cent in August.

Yet key economic data are sending only mixed signals. While the consumer price index remains relatively high, growth in money supply and new loans has been slowing more significantly than expected.

Wang Yuanhong, a senior analyst with the State Information Centre, said the possibility of an interest rate hike in the near term was remote, taking note of a rapid slowdown in monetary and loan growth that threatens to disrupt economic growth.

Although there remains the possibility of a rebound in fixed investment that calls for an interest rate rise, "with the central bank watching the situation now, the possibility is slight," he said.

The central bank said earlier this month that its task of leading the economy to a soft-landing remains at a critical juncture, warning that any let-up in policy restraint may risk conceding ground already gained in the campaign.

China has taken a raft of measures, including raising bank reserve requirements and administrative measures such as imposing strict land controls and credit curbs, to contain the fast growth in fixed investment and money supply that started in the latter half of last year.

The frenzied investment and loan growth raised worries about the economy becoming overheated.

Fixed investment growth registered only 18.3 per cent in May, which compared to more than 50 per cent in the first two months of the year, while money supply growth slid to 15.3 per cent in May from over 20 per cent earlier this year.



 
  Today's Top News     Top China News
 

Province fills leading positions via election

 

   
 

Immediate interest rate rise unlikely

 

   
 

Death toll from boat accident rises to 28

 

   
 

Strong earthquake shakes central California

 

   
 

Birth anniversary of Confucius remembered

 

   
 

Graduates' job situation improving

 

   
  China supports rational reforms of UN
   
  Cadres get their posts via election
   
  Patent on Viagra faces challenge
   
  Circular economy enhances development
   
  Country dominates at Paralympics
   
  Graduates' job situation improving
   
 
  Go to Another Section  
 
 
  Story Tools  
   
  Related Stories  
   
Country unaffected by US rate
   
Interest rate hike looming in China?
   
Interest rate rise not likely in short term
   
Experts: Interest rate rise not likely in short term
   
Central bank denies rumour
   
China may raise rates if inflation exceeds 5%
  News Talk  
  It is time to prepare for Beijing - 2008  
Advertisement
         
主站蜘蛛池模板: 欧美日韩亚洲一区二区三区在线观看 | 亚洲免费中文 | 毛片在线视频观看 | 日本成人免费在线观看 | 亚洲欧美成人影院 | 毛片免费全部播放一级 | 神马最新午夜限制片 | 亚洲成a人在线观看 | 亚洲视频一区在线 | 成年人午夜免费视频 | 色综合久久88色综合天天小说 | 日韩欧美国产亚洲 | 欧美激情亚洲 | 亚洲免费色 | 日本香蕉一区二区三区 | 国产一级一国产一级毛片 | 91精品国产色综合久久不 | 亚洲精品久久99久久 | 亚洲成人福利在线 | 国产成人理在线观看视频 | 亚洲理论片在线中文字幕 | 午夜mm131美女做爰视频 | 亚洲精品美女在线观看播放 | 久久99国产精一区二区三区! | 亚洲综合第一欧美日韩中文 | 久久国产精品最新一区 | 欧美不卡一区 | 国产精品亚欧美一区二区三区 | 日韩一级免费视频 | 成年人看的毛片 | 国产免费人视频在线观看免费 | 97在线观看免费版 | 91香蕉国产观看免费人人 | 亚洲一级毛片 | 亚洲毛片免费视频 | 亚洲天堂.com| 精品久久久久久久久久香蕉 | 久久综合99re88久久爱 | 久草中文网 | 成人在线观看不卡 | 免费看黄色三级毛片 |