Southern Weekend: Chinese interest rate hike may be in Tue

The uncoordinated state of the "exit" was revealed yesterday. May 4, Australia prepares banks (central bank) to raise the benchmark rate of 0.25% to 4.5% on 4th.　　Australia's benchmark interest rate has risen from 3% last October, the Australian central Bank's sixth rise last October, and emerging economies that have raised interest rates in the past two weeks after India and Brazil, reflecting concerns about the risk of overheating in Asia-Pacific emerging markets. As in Australia, in order to rein in rapid economic growth and inflation, on April 28, the central bank of Brazil announced a hike of 75 basis points to 9.5% per cent of the benchmark interest rate, following India, the BRIC countries (Brazil), Russia (Russia), India (India) and China (　　China), the second member of the group to raise interest rates, is the first sovereign country to tighten monetary policy in Latin America.　　This is Brazil's first interest rate hike since July 2008, when Brazil's benchmark interest rate was 13.75%, and after the financial crisis, Brazil has cut interest rates for several times, and since September 2009 the benchmark interest rate has remained at a record low of 8.75%.　　In addition, India, the BRIC countries, on April 20 again raised benchmark interest rates and lending rates by 25 basis points, the second time this year to raise interest rates to control the high inflation rate.　　The governor of India's central bank said 26th that the acceleration of inflation was a big problem for the Indian economy, and that the central bank's monetary tightening process had been opened, but since personal consumption and investment had not yet fully recovered to pre-crisis levels, central banks would continue to adjust their exit strategies for fiscal and monetary stimulus. The People's Bank of China announced May 2 that, starting from May 10, the reserve requirement ratio of deposit-taking financial institutions was raised by 0.5%, and the reserve ratio of large financial institutions was 17%.　　This is the third time in the year the central Bank raised reserve ratio, adjusted deposit reserve ratio is only one step away from the historic peak of 17.5%, equivalent to the recovery of 250 billion liquidity.　　A senior person in Guangdong's Banking and regulatory bureau said in an interview with Guangzhou Daily that the reserve requirement ratio has been limited, and the next step is to raise interest rates, but the time will be postponed until July, when the macro-economic data were released in the two quarter.　　It is reported that China's interest rate window in the first half usually only two, April and July, also known as the first quarter and the second quarter of the macro-economic performance data released, respectively, in the second month to decide whether to raise interest rates.　　At this point, the BRIC countries, in addition to the recent interest rate cuts in Russia, countries have stepped up the recovery of liquidity.　　On April 30, Russia, the BRICS, announced that it would reduce its refinancing annual interest rate from 8.25% to 8% since April 30.　　Early on the same day, the Fed's monetary policy committee issued a statement to maintain the current low interest rate range 0%~0.25%, and reiterated the "longer period" to maintain low interest rates. The Fed still thinks the next time throughExpansion is in controllable range because low capacity utilization lowers cost pressures while long-term inflationary expectations are stable.