China Likely to Raise Interest Rates

Probable inflation and rising exports may increase the likelihood of China's central bank raising interest rates from a five-year low, says Bloomberg.


Bloomberg says consumer prices rose 2.5% from a year earlier and trade figures scheduled for release this week may show exports rose 38.3% from a year before, the biggest gain in three years. Imports may have climbed 38%, leaving a trade surplus of $7.15 billion.


“The biggest danger to the economy is inflation,” Wang Qian, an economist with JPMorgan Chase & Co. in Hong Kong, told the Post. “The government needs to manage inflation expectations and may raise interest rates within weeks.”


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