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-----Original Message----- From: MeLinda MeLisa <[email protected]> Sender: [email protected] Date: Fri, 17 Dec 2010 17:02:27 To: <[email protected]> Reply-To: [email protected] Subject: [StockForex] PBOC's Zhou Indicates Global Turbulence Is Delaying Chinese Move on Rates PBOC's Zhou Indicates Global Turbulence Is Delaying Chinese Move on Rates Friday, December 17, 2010 China’s central bank Governor Zhou Xiaochuan indicated that turbulence in the global economy is limiting the nation’s ability to raise interest rates to counter inflation, according to the China Daily newspaper. The government is taking a very prudent approach to increasing rates because of an unstable and rapidly changing global situation, the state-run paper reported today, citing Zhou. It didn’t say where or when he made the comments. China’s inflation climbed to a 28-month high in November and officials pledged this month to shift to a tighter, “prudent” monetary policy stance in 2011. The central bank raised reserve requirements for lenders for the third time in five weeks on Dec. 10, while refraining from adding to October’s interest-rate increase, the nation’s first since 2007. “The procrastination in raising interest rates will further increase the risk of asset bubbles and worsen the inflation situation,” said Chang Jian, a Hong Kong-based economist at Barclays Capital. “The government is likely to raise rates in the early part of next year.” Global risks include Europe’s debt crisis. In contrast with Standard & Poor’s yesterday raising China’s debt rating, citing the nation’s fiscal strength, Moody’s Investors Service has put Spain on review for a possible downgrade. Read more : http://marketpin.blogspot.com/ ------------------------------------ ## StockForex ## _________________ ::Forum:: All about Forex and Stock Trading ; all currency pairs. All Major World Indices, Asian Stock Index. and Individual/single stock. We're not goin' anywhere Well, it's all right here. Enjoy it !! :) _________________ http://finance.groups.yahoo.com/group/StockForex Yahoo! Groups Links ------------------------------------ Kunjungi situs http://www.info-saham.com untuk informasi seputar saham. SEMUA POSTING DI MILIS INI TANGGUNG JAWAB PENGIRIM EMAIL DAN BUKAN ADMIN MILIS. SEMUA POSTING DI MILIS INI BUKAN UNTUK MENGAJAK MEMBELI ATAU MENJUAL EFEK. SETIAP KEPUTUSAN INVESTASI MENJADI TANGGUNG JAWAB PIHAK PEMILIK INVESTASI ATAU PEMILIK MODAL. [email protected] untuk berhenti dari milis saham [email protected] untuk bergabung ke milis saham Yahoo! Groups Links <*> To visit your group on the web, go to: http://groups.yahoo.com/group/saham/ <*> Your email settings: Individual Email | Traditional <*> To change settings online go to: http://groups.yahoo.com/group/saham/join (Yahoo! ID required) <*> To change settings via email: [email protected] [email protected] <*> To unsubscribe from this group, send an email to: [email protected] <*> Your use of Yahoo! Groups is subject to: http://docs.yahoo.com/info/terms/
