In March, CPI Rose Or Broke "&Nbsp"; The Interest Rate Window Might Open.

China Securities Daily published a commentary on Tuesday, saying March Consumer price index (CPI) The possibility of a breakthrough of 5% is quite large. Negative interest rate "Under the more obvious circumstances, the interest rate window may then open again.

Commented that Stabilize prices This is the primary task of the government's work this year, which is about the trend of macroeconomic regulation and control. Although the price control measures are beginning to show results, the current price level does not have the basis for a rapid fall.

According to the price monitoring data from the Ministry of agriculture and the National Bureau of statistics, food prices generally fell in March, but the enhancement of the tail factor will offset the above factors.

"In March, the possibility of CPI breakthroughs exceeded 5% again, and may continue to rise slowly until the level reached 6% or so in 6 and July. In order to better manage inflation expectations, the central bank may start raising interest rates again, and in April and the year it will become a sensitive window for raising interest rates. "Commented.

In November last year, China's CPI rose to a record high of 5.1%, and then fell back. It increased by 4.9% in 1 and February this year. But the Chinese government's determination to curb inflation has not wavered. After the "two sessions", the third reserve fund was raised this year.

The article quoted central bankers recently said that China's monetary policy will gradually enhance the role of price instruments with interest rate as the core, and shift from the emphasis on quantitative regulation to more price regulation.

Since last October, China's central bank has made three rounds. Increase interest Last February 8th.