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Strategies & Market Trends : Mish's Global Economic Trend Analysis

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To: CalculatedRisk who wrote (12447)	9/28/2004 11:50:52 PM
From: mishedlo	Read Replies (1) of 116555

China think thank says immediate interest rate hike unlikely - report Wednesday, September 29, 2004 2:01:53 AM afxpress.com BEIJING (AFX) - The possibility of the Chinese central bank immediately raising interest rates is remote, the China Daily said, citing a senior analyst with the State Information Center, a top Chinese government think tank Quoting Wang Yuanhong, a senior analyst with the think tank, the newspaper said that although the possibility of a rebound in fixed-asset investment remains, the recent slowdown observed in monetary and loan growth is sufficient reason for the central bank not to raise interest rates in the short term In reports earlier this week after its regular quarterly meeting, China's central bank said it would use monetary tools to adjust money supply and improve loan structure. But the bank did not say whether a decision had been made to raise interest rates. The financial markets have been expecting the central bank to raise interest rates by 25-50 basis points since the first half, to improve China's economic climate.

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