国产热热热精品,亚洲视频久久】日韩,三级婷婷在线久久,99人妻精品视频,精品九热人人肉肉在线,AV东京热一区二区,91po在线视频观看,久久激情宗合,青青草黄色手机视频

   

PBOC advisor: Interest rate hikes possible

(AFP)
Updated: 2006-11-20 14:48

China cannot rule out further interest rate hikes in the coming months, the 21st Century Business Herald have reported, citing a leading central bank advisor.

Special coverage:
RMB in Spotlight 
Related readings:
 PBOC adviser says 5% a year yuan rise possible
 RMB under heavy appreciation pressure
 Economy on healthy land, RMB to be stable
 
Paulson visit stirs RMB debate
 
NBS: No one-off RMB appreciation
The possibility of rate hikes cannot be ruled out given the need to maintain curbs on investment and credit growth, the central bank advisor Fan Gang was quoted as saying Sunday.

Fan, advisor to the People's Bank of China, added the pressure for rate hikes was not strong, with inflation at just over 1 percent compared with 4-5 percent in 2004 and 6 percent in early 2005, the paper said.

In August, the central bank announced its second interest rate hike in less than four months in an effort to slow the nation's economy, which continued to race ahead at a double-digit pace.

Following the 0.27 percentage point hike, the lending rate reached 6.12 percent and the deposit rate 2.52 percent.

China's gross domestic product growth slowed to 10 percent in the third quarter, from 11.3 percent in the second, after a slew of tightening measures introduced by the government to rein in investment growth and tighten controls on land use.

China's consumer price index rose 1.4 percent year-on-year in October this year, and 1.3 percent in the January-October period.

Fan said China should raise interest rates as soon as the economy shows signs of overheating.

The newspaper said that in the past, boycotts by big state-owned companies, securities firms and other groups had posed obstacles to interest rate adjustments.

Fan stressed the central government must employ administrative measures to control growth in investment at the local government level, the report said.


(For more biz stories, please visit Industry Updates)



南昌市| 冕宁县| 石台县| 宜城市| 宝丰县| 招远市| 平阳县| 靖州| 那曲县| 商丘市| 奈曼旗| 寻甸| 饶平县| 鄂伦春自治旗| 柳州市| 杭锦旗| 汉阴县| 应城市| 塔城市| 炎陵县| 长子县| 渝中区| 盱眙县| 资中县| 耿马| 宜阳县| 镇坪县| 达拉特旗| 炎陵县| 彭阳县| 黑河市| 阳信县| 小金县| 肃南| 漠河县| 淮滨县| 托克逊县| 淄博市| 公安县| 类乌齐县| 长子县|