Inflation pressure of the hottest central bank rem

2022-07-31
  • Detail

Central bank: inflation pressure is still high in July or interest rate hike central bank: inflation pressure is still high in July or interest rate hike China Construction Machinery Information Guide: the monetary policy committee of the people's Bank of China held its regular meeting in Beijing in the second quarter of 2011. The meeting held that the current inflation pressure is still at a high level, and it is necessary to implement a prudent monetary policy. Analysts believe that the information transmitted from this meeting shows that the future inflation trend is not optimistic, short-term domestic affairs

the second quarter regular meeting of the monetary policy committee of the people's Bank of China in 2011 was held in Beijing. The meeting held that the current inflation pressure is still at a high level, and it is necessary to implement a prudent monetary policy. Analysts believe that the information from the automobile industry that can make exhaust gas recirculation valve, water pump impeller, bearing, sensor components, etc. shows that the future inflation trend is not optimistic, and it is difficult to see a change in policy in the short term. It is reported that the central bank may continue to raise interest rates in July

emphasize that inflation pressure is not optimistic

different from the statement made at the regular meeting of the members' meeting of the monetary policy committee of the central bank in the first quarter on improving the performance of the diaphragm, when analyzing the current domestic and international economic and financial situation, the regular meeting in the second quarter pointed out: "China's economy continues to develop steadily and rapidly, but inflation pressure is still high." The statement of the first quarter regular meeting is: "China's economy continues to maintain steady and rapid development, but the problems in development are still prominent."

compared with the regular meeting in the first quarter, the regular meeting in the second quarter will no longer mention the "macro-control task of emphasizing the overall level of price stability", and increase the "credit support for agriculture, rural areas and farmers" and small and medium-sized enterprises ", so it is easier to express. In addition, the regular meeting of the second quarter proposed to "pay attention to the stability, pertinence and flexibility of the policy", while the regular meeting of the first quarter stated to "improve the pertinence, flexibility and effectiveness of monetary policy"

according to the regular meeting in the second quarter, at present, China's economic and financial operation is developing in the predetermined direction of macro-control, but the situation facing economic and financial development is still complex. The world economy continues to recover slowly, but there are still many risk factors

the meeting stressed that it is necessary to pay close attention to the latest international and domestic economic and financial trends and their impacts, implement a prudent monetary policy, pay attention to the stability, pertinence and flexibility of the policy, and grasp the pace and strength of the policy. We should make comprehensive use of a variety of monetary policy tools, improve the macro Prudential policy framework, effectively manage liquidity, and maintain a reasonable scale of social financing and monetary aggregate. We should focus on optimizing the credit structure and guide commercial banks to increase credit support for key areas and weak links, especially for "agriculture, rural areas and farmers" and small and medium-sized enterprises. We should continue to play the role of direct financing and better meet diversified investment and financing needs

further improve the RMB exchange rate formation mechanism and keep the RMB exchange rate basically stable at a reasonable and balanced level

will the central bank raise interest rates in July

analysts said that the regular meeting in the second quarter stressed that "inflation pressure is still high", indicating that the pressure of price inflation in the second half of the year is not optimistic

macro researchers said that the central bank's statement showed that the future price increase would exceed expectations. It is expected that the CPI in June will increase by more than 6% year-on-year. Even if the CPI increase drops in the second half of the year, the monthly CPI increase may be above 5%. The central bank may raise interest rates in July

many institutions predict that the pressure of price rise in June and even in the second half of the year is still great

the strategic planning department of the Agricultural Bank of China released a report on July 4. It is estimated that the month on month growth of pork prices in the third quarter will far exceed the historical average level in the same period, which will cause a strong positive impact on the month on month growth of CPI. The rise in pork prices will exert great pressure on the price trend in the second half of the year. The Ministry previously released a report that it is still necessary to raise interest rates in the second half of the year, and the middle of July is a time window for raising interest rates

zhouwenyuan said that the regular meeting in the second quarter emphasized the "stability" of the policy, indicating that it may be difficult to see the possibility of policy easing in the short term

Copyright © 2011 JIN SHI