Lu Commissar: Raising interest rates into normality will help curb the second wave of inflation

On the evening of February 8, the central bank has just announced the increase of one-year deposit and loan benchmark interest rate by 9th, 0.25%, the Societe Generale Financial Operations Center chief economist Lu Commissar said that this year will also raise interest rates three to four times, interest rates become the normal financial regulatory measures, will effectively prevent the second wave of inflation The central bank has just announced that it would raise the benchmark interest rate on renminbi deposits and loans for financial institutions by February 9, 2011.　　The benchmark interest rate of one-year deposit and loan of financial institutions was raised by 0.25%, and the benchmark interest rate of deposit and loan was adjusted accordingly. "In anticipation, it was forecast to continue to raise interest rates in February." "Meanwhile, by this time, the central bank should have been able to know the January CPI data." "Lu Commissar analysis that the interest rate and the forthcoming January CPI data will be innovative high relationship."　　He predicts that the CPI data will spike to 5.3%. In fact, the market's expectations of raising interest rates before the Spring Festival are strong, until the end of the Spring Festival holiday, the central bank to throw this "boots."　　This is the central bank's monetary policy into the interest rate channel, the third time to start raising interest rates. Since last year, the central bank has frequently used monetary policy instruments, so the market questions whether this means that the previous series of actions is not obvious.　　In this respect, Lu County said that macro-control is a continuous process, can not expect blindly dose will be able to cure. "The central bank's continued interest rate hike has repeatedly broken the market's speculation that the central bank is too afraid to raise interest rates." "Lu Commissar believes that the interest rate as a normal expectation, will effectively guide the market to prevent the second wave of inflation." He predicts that there will be three to four interest rate hikes this year. (Huayan from Beijing)