A number of Chinese-funded banks in Shenzhen increase First Suite loan interest rates
Recently, reportors have learned from Shenzhen banks, most Shenzhen banks have been active contraction of the mortgage, which also canceled a number of banks in the first Suite 8.5 discount interest rate loans, even to the first suite of individual banks lending rate to 1.1 times of the benchmark rate.
UBS: China this year will raise interest rates by 75 basis points
General concern for the interest rate issue, Wang Tao, chief China economist for UBS Securities said in “UBS Greater China Conference 2011″, in 2011, ” China will increase 75 basis points, in two to three times, it may be most likely to occur in the first half. “
November CPI reaches up to 4.75%; over half of the organizations predicted interest rates would be rose again this year
November 2010, “First Financial’s chief economist survey” displays: 23 financial institutions, chief economist predicted that CPI in November would reach up to 4.75%, to refresh the high point of the year. The concern of new credit, maintaining a high growth, in November, mean size of credit was 520 billion yuan. As inflation continues to rise, half of chief economists predict the central bank will raise interest rates again this year.
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