三级aa视频在线观看-三级国产-三级国产精品一区二区-三级国产三级在线-三级国产在线

   

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: 你操综合| 欧美性生交大片 | 黄录像欧美片在线观看 | 亚洲国产精品a一区二区三区 | 国产在线观看精品一区二区三区91 | 色黄网站aaaaaa级毛片 | 国产精品毛片一区二区三区 | 国产精品推荐 | 做a小视频| 亚洲精品综合在线 | 欧美三级伦理片 | 国产小视频91 | 古代级a毛片在线 | 欧美日韩在线观看视频 | 永久免费在线观看视频 | 黄色大片毛片 | 污视频在线观看网址 | 在线91色| 黄色一级毛片看一级毛片 | 一区二区三区在线 | 欧 | 国产成人精品亚洲一区 | 欧美区日韩区 | 免费国产成人高清在线观看视频 | 91短视频社区在线观看 | 91精品国产爱久久久久 | 噜噜噜噜精品视频在线观看 | 婷婷国产偷v国产偷v亚洲 | 国产精品99爱免费视频 | 国产精品久久久久久爽爽爽 | 亚洲欧洲毛片 | 欧美日韩性视频在线 | 国产成人免费无庶挡视频 | 久久成人影视 | 国产成+人+综合+亚洲 欧美 | 国产亚洲一区二区三区在线 | 一级韩国aa毛片免费观看 | 香蕉草草久在视频在线播放 | 日韩毛片在线影视 | 91成人午夜性a一级毛片 | 麻豆视频免费观看 | 国产视频自拍偷拍 |