2010年12月10日星期五

China raised U.S. dollar deposit rate of severe shock potential

China's central bank did not choose to raise interest rates this strong medicine, but to financial institutions, raised the deposit reserve ratio by 50 basis points. U.S. dollar immediately after the announcement volatility. Dollar / yen fell about 10 points to a session low of 83.52, but then rebounded to 83.60 a straight line. 

EUR / USD rose 10 points to an intraday high of 1.3261, before easing to 1.3250. GBP / USD gains hold, the current two-week high of 1.5860 reported. AUD / USD fell, but has rebounded to 0.9865. 

This is the sixth time this year, China's central bank raised the deposit reserve ratio, because of rising domestic inflationary pressures. This raised the reserve ratio is the Chinese government to curb inflation, the latest move taken. 

Previously published data show that China October consumer price index (CPI) rose 4.4%, the largest increase in two years. Not long ago, China's central bank in November raised the deposit reserve ratio twice, and in October was the first time in nearly three years to raise interest rates.


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