Sectors

Beijing set to act on inflation, says RBC

Date: 12 Mar 2010

China will allow interest rates to rise and the renminbi to appreciate as it seeks to rein in its overheating economy, notes RBC Capital Markets. It is forecasting 108 basis points of hikes in the benchmark lending rate over 2010.

Keywords (click to search): [RBC] [China] [Brian Jackson]

Pamela Tang
China will allow interest rates to rise and the renminbi to appreciate as it tries to rein in its overheating economy and combat a surge in inflation, says RBC Capital Markets.

Economic data confirms that China’s economy remains robust. In January and February, industrial production increased 20.7% year-on-year, above the 18.5% rise in December.

Meanwhile, exports jumped 45.7% in February year-on-year, a significant rise from the 21% hike in January. In the first two months,...

To continue reading the rest of the article, you will need to be an Asiamoney subscriber.

Asiamoney subscribers will receive full access to the following:

  • All the latest news, analysis and opinion at Asiamoney.com, Asiamoney WM (Wealth Management), and ACN (Asiamoney China) .
  • Breaking news alerts sent directly to your PC/mobile device.
  • Asiamoney’s Polls and Awards section.
  • Asiamoney’s extensive online archive
  • Asiamoney Week: our email service featuring the most widely read news and opinion pieces on Asia’s financial markets from our website over the previous seven days

If you would like to start your subscription, please contact our subscriptions team at (+852) 2842 6998.

If you are experiencing any problems with your access, please contact Customer Service by phone at (+852) 2842 6910 (Hong Kong), (+44) (0) 20 7779 8999 (UK), (+1) 212 224 3570 (US) or contact us by email at subscriptions@asiamoney.com.

Kind regards,

Asiamoney
http://www.asiamoney.com


Already have an account?

Subscriber Login


Forgotten your password?

Subscribe

Subscribers have unlimited access to all current and archive content. Start your subscription today - click on the button below.

Free trial

Taking a free trial will give you access to the current issue for two weeks (excluding selected articles, poll results and achives). Start your free trial today.

Related articles