The Yuan Fell To &Nbsp Against The US Dollar; The US Dollar Rebounded Intensified The Two-Way Fluctuation Of RMB.

23 days

Influenced by new price increases and tail factors, CPI rose almost 6% in June, and the currency conditions that caused inflation are not reversed. It is estimated that the Central Bank of China will raise interest rates.

Although raising interest rates may have a certain impact on economic growth, at the moment, if we do not raise interest rates, we may not only save energy for future price rises, but also increase the difficulty of economic restructuring tasks.

He Keng, deputy director of the finance and Economic Commission of the National People's Congress, said on Wednesday (22) that due to the fact that there is no exact number of boundaries in excess liquidity, it is difficult to see how much the increase in deposit reserve ratio will affect inflation control.

At present, after raising the reserve rate six times this year, the fund problem of small and medium-sized enterprises has become very difficult. Many large enterprises are complaining that the funds are very tight now.

Data released by HSBC on Thursday (23) show that China's HSBC manufacturing PMI preview value in June was 50.1, lower than the final value of 51.6 in May, the lowest level in July 2010, and the effect of China's tightening policy continued to emerge.

Among them, the growth rate of input price index was the lowest in 52.1 months, the lowest in 11 months.

Qu Hongbin, chief economist of HSBC China, said that domestic tightening policy and weak external demand reduced domestic demand, coupled with the process of inventory, slowing production growth.

The Federal Reserve kept its benchmark interest rate unchanged at the 0-0.25% interval at the overnight meeting, and said interest rates would stay at record lows for a long time.

Due to the recent weakening of US economic data, the market is expected to raise the QE3 of the Federal Reserve, but Federal Reserve Chairman Bernanke did not hint that QE3 would be launched at the press conference.

This may suppress the short-term trend of the people, but the medium term appreciation trend is difficult to change.