Arab Today, arab today bank expects one or two rate hikes in china
Last Updated : GMT 18:42:37
Arab Today, arab today
Arab Today, arab today

Bank expects one or two rate hikes in China

Arab Today, arab today

Arab Today, arab today Bank expects one or two rate hikes in China

Beijing - Xinhua

It is necessary for China\'s central bank to raise the benchmark interest rate once or twice in the second half of this year to curb rising inflation, according to a report by the Agricultural Bank of China (ABC). In its six-month report on China\'s macro economy, ABC said an increase of 25 basis points in the interest rate each time would be appropriate due to linger inflationary pressure, with the coming interest rate hike very likely in early July. Besides, it is possible for the central bank to elevate the bank reserve requirement ratio for one or two times in the second half, according to ABC. The bank predicted a 4.8 percent year-on-year increase of the Consumer Price Index (CPI) for the full-year in 2011, while the gross domestic product (GDP) will expand by 9.5 percent. Regarding the value of the Chinese currency Renminbi, ABC expected the yuan to continue strengthening against the U.S. dollar in the second half, with a rise of 5 percent this year. China\'s CPI, a main gauge of inflation, spiked to a 34-month high of 5.5 percent in May and the central bank had so far hiked the benchmark interest rate twice this year by 25 basis points each time.

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today bank expects one or two rate hikes in china Arab Today, arab today bank expects one or two rate hikes in china

 



Arab Today, arab today

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today bank expects one or two rate hikes in china Arab Today, arab today bank expects one or two rate hikes in china

 



Arab Today, arab today France defies terrorism through tourism

GMT 15:18 2017 Saturday ,20 May

France defies terrorism through tourism
Arab Today, arab today Zainab Fadel Oglu designs “Shakerin” mosque

GMT 12:13 2017 Thursday ,11 May

Zainab Fadel Oglu designs “Shakerin” mosque
Arab Today, arab today Seeks to move past rift with Israel

GMT 08:00 2017 Monday ,08 May

Seeks to move past rift with Israel
View News in Arabic - Business: مصارف
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Mozambique's gas boom dream under threat

GMT 16:29 2017 Monday ,08 May

Mozambique's gas boom dream under threat
Arab Today, arab today Prepares to give stargazers an eyeful

GMT 13:38 2017 Monday ,06 March

Prepares to give stargazers an eyeful
Arab Today, arab today Jaguar displays XF Sportbrake line

GMT 14:36 2017 Monday ,08 May

Jaguar displays XF Sportbrake line
Arab Today, arab today BMW sees forecasts in reach

GMT 09:04 2017 Thursday ,04 May

BMW sees forecasts in reach
Arab Today, arab today Climate science: Bad news gets worse

GMT 08:48 2017 Saturday ,06 May

Climate science: Bad news gets worse
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday