Global inflation is still high, and the already global wave of interest rate hikes is likely to return. On July 26, the Bank of India raised the key policy rate by 50 basis points to 8.0%, the 11th rate hike since March 2010, and the increase was more than expected. The Bank of India has previously warned that the domestic inflation rate may rise further this year and raise the inflation rate forecast for the current fiscal year ending March 2012 from 6.0% to 7.0%. Countries that are plagued by high inflation are by no means a country in India, nor are they just trapped in emerging countries. On July 25, Eurostat data showed that the euro zone's inflation rate in June was 2.7%, unchanged from May. "According to the inflation situation in the Eurozone and the words of Trichet, the president of the ECB's interest rate meeting in early July, the ECB is likely to raise interest rates again in the second half of the year, as early as September." A Chinese Bank Research Department Economists told the reporter of the newspaper. Trichet said at the time that sufficient liquidity could lead to price pressures in the euro zone, and inflation may continue to be significantly above the target of 2% in the coming months. Similarly, in the situation that high inflation is difficult to cool down, more and more market participants are beginning to think that the third rate hike by the People’s Bank of China in July is probably not the last rate hike this year, and the fourth rate hike in the year or Landed in August. Lu Zhengwei, chief economist of Industrial Bank, expects that China’s CPI will continue to rise to around 6.5% in July after hitting a record high in June, and the chain ratio will continue to be significantly higher than the historical normal level. Even July is not yet The highest point of CPI during the year, it is not until November that it may fall back. The above economists also believe that "the inflation situation in the year is indeed beyond expectations, and the CPI may not see a peak in the fourth quarter." "If the CPI growth in July reached about 6.5%, considering that inflation prevention is still the first task, it is expected The interest rate will continue to increase in August, but the deposit reserve ratio will not increase." Lu political commissar believes.
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