Interest Rates May Rise in April-Shanghai Metals Market

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Interest Rates May Rise in April

Data Analysis 08:35:39AM Mar 30, 2010 Source:SMM

BEIJING, Mar. 30 -- China's central bank might raise interest rates in early April, analysts said, basing their judgment on the 2.7 percent CPI rise in February, the Securities Times reported.

The current interest rate is 2.35 percent, lower than February's CPI rise, which means the country's actual interest rate is negative.

Some experts attending the regular meeting of the People's Bank of China also urged the central bank to increase interest rates due to the pressure of inflation.

Analysts also think the deposit reserve ratio will probably be raised again.

Most experts agree that the monetary policy adjustment will be based on the economic data from March, and that the adjustment time will be early April. 
 

Interest Rates May Rise in April

Data Analysis 08:35:39AM Mar 30, 2010 Source:SMM

BEIJING, Mar. 30 -- China's central bank might raise interest rates in early April, analysts said, basing their judgment on the 2.7 percent CPI rise in February, the Securities Times reported.

The current interest rate is 2.35 percent, lower than February's CPI rise, which means the country's actual interest rate is negative.

Some experts attending the regular meeting of the People's Bank of China also urged the central bank to increase interest rates due to the pressure of inflation.

Analysts also think the deposit reserve ratio will probably be raised again.

Most experts agree that the monetary policy adjustment will be based on the economic data from March, and that the adjustment time will be early April.