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Article: ANALYSIS: CHINA INTEREST RATES RISE UNLIKELY IN SHORT TERM.
- Article from:
- AsiaPulse News
- Article date:
- October 14, 2009
CopyrightCOPYRIGHT 2009 Asia Pulse Pty Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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BEIJING, Oct 14 Asia Pulse - The interest rate increase of Australia's central bank will not affect China's monetary policy, and China is unlikely to raise interest rates before the second half of 2010, given China's current economic situation.
China still sticks to a "moderately loose" monetary policy at present, and whether the People's Bank of China, China's central bank, will lift interest rates depends on the economic fundamentals, inflation, and the monetary polices of other countries, the US in particular.
-- Cautious optimism on economic outlook
Though China's economic performance is much better than that of the US and Japan, the ...