www射-国产免费一级-欧美福利-亚洲成人福利-成人一区在线观看-亚州成人

   

Central bank mulls monetary policy

By Zhang Lu (China Daily)
Updated: 2007-06-06 08:20

The central bank might consider using monetary policy to cope with the recent surge in food prices and maintain the stability of the currency, central bank Governor Zhou Xiaochuan said yesterday.

"We are paying close attention to the recent rises in pork and egg prices," Zhou told reporters on the sidelines of a banking forum in Beijing .

"There are many reasons behind the price changes, including money supply, international market movements, domestic food supply and demand, and so on," Zhou said.

"Food prices weigh heavily on the consumer price index (CPI ). As long as they are having an impact on the value of the yuan, the central bank will adopt monetary policy to maintain its stability," he said.

Related readings:
Cooking oil price to rise by 10%
Runaway inflation not likely from pork prices
Ministry: Pig-killing disease behind pork price rise
However, "the central bank still needs to look at the overall CPI for May", to decide its next policy moves, Zhou said.

The CPI figures are due to be announced early next week.

The CPI rose 3.3 percent in March and 3 percent in April, reaching the 3 percent benchmark that had been set by the central bank.

The recent surges in the price of pork and eggs, coupled with continuous rises in the price of grain and other agricultural products, are putting pressure on inflation, causing concerns for policymakers.

Food prices account for a third of the CPI basket.

Statistics from the Ministry of Commerce showed wholesale pork prices in 36 major cities in early May climbed 43 percent from a year earlier. Egg prices rose 31.6 percent year on year .

A research report released by Goldman Sachs late last month indicated that the surging price of pork and eggs would probably push the rise in the CPI above 4 percent in the coming months.

The investment bank has accordingly adjusted its CPI forecast from 2.6 percent to 3.6 percent for the whole year.

It also said that it is necessary for the People's Bank of China to raise interest rates to check potential inflation.

Asked whether the central bank would increase interest rates again in the near future, Zhou said it would not rule out the possibility of using various monetary tools.

The central bank has already raised interest rates twice this year and five times required commercial banks to set aside more money as reserves to cool inflation, fixed-asset investment and stock market speculation.


(For more biz stories, please visit Industry Updates)



主站蜘蛛池模板: 美女黄色片免费 | 久久香蕉精品视频 | 国产亚洲高清视频 | 三级韩国一区久久二区综合 | 亚洲人成网站在线在线 | 三级久久 | 99爱精品视频| 免费一级在线观看 | 国产亚洲精品线观看77 | 99视频免费| 手机免费在线看毛片 | 亚洲精品一区二区三区美女 | 国产精品成人观看视频国产 | 91精品国产高清91久久久久久 | 久久爱91| 真人一级毛片免费完整视 | 午夜性激福利免费观看 | 伊人2233| 久久99精品久久久久久h | 亚洲精品久久一区影院 | 国产成人亚洲综合无 | 一区二区三区影视 | 国产一区二区三区免费看 | 国产区香蕉精品系列在线观看不卡 | 欧美日韩国产亚洲综合不卡 | 久久久久国产精品免费免费 | 国产精品久久久久毛片真精品 | 亚洲看看 | 最新国产精品好看的国产精品 | 亚洲精品欧美精品一区二区 | 日韩精品一区二区三区免费视频 | 久久99九九精品免费 | 理论视频在线观看 | 在线网站黄色 | 99久久精品国产一区二区三区 | 亚洲国产老鸭窝一区二区三区 | 国产精品久久久久影视不卡 | 欧美色穴 | 久久久久久久99精品免费 | 手机看片福利视频 | 99je全部都是精品视频在线 |