Inflation expectation presses for rate hike

    Inflation expectation presses for rate hike
    The possibility of an interest rates hike by China's central bank is imminent¹ as inflationary pressure prolongs and a "prudent²" monetary³ policy is in place, the China Securities Journal reported Friday.
    China's National Statistics Bureau will release November's economic statistics this Saturday; market estimates the consumer price index (CPI) increase may hit this year's highest point, exceeding the October high of 4.4 percent.
    Though the country's efforts to combat surging prices have seen some results, the inflationary pressure for 2011 is still considerable. Hongyuan Securities estimated the 2011 CPI may be four percent, with the highest monthly point hitting five percent.
    Industry insiders said the expectation of a prolonged inflation may trigger interest rate hikes and the required reserve ratio may also be increased to freeze liquidity⁴.
    Sheng Hongqing, an analyst⁵ at Everbright Bank, said the central bank may raise interest rates or the required reserve ratio before year's end. China raised the interest rates by 25 basis points in October -- the first time in nearly three years.
    Beijing officially shifted its monetary policy stance from a moderately loose one to a prudent one on Dec 3 to tame rising inflation and head off asset bubbles.

1 imminent   

adj.即将发生的，临近的，逼近的

参考例句：

• The black clounds show that a storm is imminent.乌云预示暴风雨即将来临。
• The country is in imminent danger.国难当头。

2 prudent   

adj.谨慎的，有远见的，精打细算的

参考例句：

• A prudent traveller never disparages his own country.聪明的旅行者从不贬低自己的国家。
• You must school yourself to be modest and prudent.你要学会谦虚谨慎。

3 monetary   

adj.货币的，钱的；通货的；金融的；财政的

参考例句：

• The monetary system of some countries used to be based on gold.过去有些国家的货币制度是金本位制的。
• Education in the wilderness is not a matter of monetary means.荒凉地区的教育不是钱财问题。

4 liquidity   

n.流动性，偿债能力，流动资产

参考例句：

• The bank has progressively increased its liquidity.银行逐渐地增加其流动资产。
• The demand for and the supply of credit is closely linked to changes in liquidity.信用的供求和流动资金的变化有密切关系。

5 analyst   

n.分析家，化验员；心理分析学家

参考例句：

• What can you contribute to the position of a market analyst?你有什么技能可有助于市场分析员的职务？
• The analyst is required to interpolate values between standards.分析人员需要在这些标准中插入一些值。