China might raise interest rates
文章来源: 文章作者: 发布时间:2007-06-13 07:07 字体: [ ]  进入论坛
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Chinanews, Guangzhou, June 12 – Li Junjie, an economist1 at the State Development and Reform Commission's Macroeconomy Research Institute, recently wrote an article in the Information Times. The article says that due to liquidity2 problem, capital market expanded quickly, and in order to curb3 the fast rise of assets prices, the central government should raise the interest rates.

 

In fact, many institutions predict that the central bank may raise the interest rates shortly. If the interest rates are raised, it may curb the rising of the stock index. However, the measure may bring more negative consequences to the real estate market, some experts say.

 

On June 5, Chinese central bank governor Zhou Xiaochuan said that the central bank had paid close attention to the CPI figures in May, which would be released soon. Based on the figures, the central bank will decide whether or not to raise the interest rates, he said.

 

Many insiders said that it was very likely for the central bank to raise the interest rates. Chief economist of Credit Suisse First Boston Tao Dong even gave very specific information on such raise. According to Tao, the central bank should raise the interest rate for loans three times in the second half of this year and the rate should be raised by a total of 81 base points, making the one-year loan rate reach 7.38 percent. In addition, the one-year deposit rate should also be raised to reach 4.14 percent by this end of the year so that the actual interest (interest after the interest gains tax is deducted) will remain positive.

 

Judging from the current status, it is very probable for the May CPI figures to rise more than expected. In light of this, it is almost certain that the central bank will raise the interest rates for the sixth time in recent years, said Han Shitong, a real estate analyst4 in Guangzhou.

 

The central government wants to curb the rise of assets prices by possible raise in interest rates. The idea may not be wrong. However, it should be noted5 that if the interest rates are raised, it may lead to negative consequences to the real estate market, some experts said.

 



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1 economist AuhzVs     
n.经济学家,经济专家,节俭的人
参考例句:
  • He cast a professional economist's eyes on the problem.他以经济学行家的眼光审视这个问题。
  • He's an economist who thinks he knows all the answers.他是个经济学家,自以为什么都懂。
2 liquidity VRXzb     
n.流动性,偿债能力,流动资产
参考例句:
  • The bank has progressively increased its liquidity.银行逐渐地增加其流动资产。
  • The demand for and the supply of credit is closely linked to changes in liquidity.信用的供求和流动资金的变化有密切关系。
3 curb LmRyy     
n.场外证券市场,场外交易;vt.制止,抑制
参考例句:
  • I could not curb my anger.我按捺不住我的愤怒。
  • You must curb your daughter when you are in church.你在教堂时必须管住你的女儿。
4 analyst gw7zn     
n.分析家,化验员;心理分析学家
参考例句:
  • What can you contribute to the position of a market analyst?你有什么技能可有助于市场分析员的职务?
  • The analyst is required to interpolate values between standards.分析人员需要在这些标准中插入一些值。
5 noted 5n4zXc     
adj.著名的,知名的
参考例句:
  • The local hotel is noted for its good table.当地的那家酒店以餐食精美而著称。
  • Jim is noted for arriving late for work.吉姆上班迟到出了名。
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