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Chinanews ,Hong Kong, October 25 – According to Yi Gang, Assistant Governor of the People's Bank of China, the bank has not decided1 whether to raise interest rate again in the near future.
It is estimated that the annual CPI growth of China will be 4.5% in 2007. The proportion of last September reached 6.2%, thus it is expected that the central bank of China will raise interest rate again to control the situation. “It will take some time for China to reverse its minus interest rate, thus the People's Bank won't act too soon,” said Yi. Yi believes that the inflation rate in China will be over 4% this year.
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