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: 日日摸人人拍人人澡 | 中文国产成人精品久久96 | 91高端极品外围在线观看 | 久久福利网站 | 亚洲另类激情综合偷自拍图 | 国产玖玖视频 | 欧美一级毛片片aa视频 | 日本乱人伦片中文字幕三区 | 免费观看性欧美大片无片 | 99在线精品视频 | 亚洲国产日韩欧美一区二区三区 | 国内精品a | 欧美一级成人一区二区三区 | 久久免费看 | 一本色道久久爱88av | 日韩中文字幕在线亚洲一区 | 波多野结衣aⅴ在线 | 日本一极毛片兔费看 | 亚洲欧美视频一级 | 女人a级毛片 | 一级做a爰片久久毛片免费看 | 成人亚洲欧美 | 成人三级做爰在线观看男女 | 国产成人久久精品二区三区牛 | 国产性videostv另类极品 | 日韩大片高清播放器大全 | 国产精品久久久久激情影院 | 久久久久国产成人精品 | 中文字幕精品在线观看 | 在线观看国产情趣免费视频 | 久草在线资源视频 | 国产成人在线播放视频 | 国产精品中文 | 亚洲精品免费网站 | 一区二区三区视频 | 国产精品久久久香蕉 | 91青青国产在线观看免费 | 美女视频一区二区三区在线 | 亚洲日本高清成人aⅴ片 | 久久精品亚瑟全部免费观看 | 国产一区a |