China may raise the interest rate of RMB deposit
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Last Update: 2008-11-03
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Source: Internet
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Author: User
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Introduction: as of February 26, the people's Bank of China is likely to raise the interest rate on RMB deposits for the first time since 1993 AAF China's economy has recently shown signs of inflation and overheated investment Economic analysts believe that the central bank's measures are mainly to curb these two adverse economic development trends One analyst in the interview predicted that China would raise interest rates within this year, but it basically depends on the overall economic development trend AAF China's economy grew by 9.1% last year, which benefited the economic development of Asia As a result, analysts worry that if China raises interest rates, it will have a negative impact on the economy in Asia In Japan's case, economic growth reached a 13 year high in the last quarter of last year, driven mainly by a substantial increase in exports to China However, according to the English language China Daily, the people's Bank of China will use various means to regulate credit growth, which means that China's monetary authorities will use the means of raising interest rates to curb the investment overheating and inflation problems that have surfaced in recent months At present, the interest rate of RMB deposit in China is about 1.98% If we don't raise it, with the increasing inflation rate, the interest rate will eventually approach zero AaF
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