兴业银行预测今年央行不会降息

Societe generale predicted the central bank will not cut interest rates this year

Societe generale released 2 monthly economic data forecast reports yesterday, the bank predicted in February, China's economy continues to rebound, but the CPI also picks up, at 3.2%, this data will cause market fears of inflation, as a result, the bank is expected to cut the whole 2013 window is completely shut down, this year the central bank was unlikely to cut interest rates.

For recent monetary policy moves, societe generale thinks interest rates and reserve currencies such as the policy in March is still a "vacuum", the central bank will balance the positive and reverse repurchase through open market operations to maintain a neutral level of liquidity. Likewise, standard chartered research report released yesterday is China's currency policy, standard chartered, said last week the central bank to restart is open market repurchase operation, the week up at least 890 billion yuan, the move is not tightening monetary policy, the government will continue to maintain the stability of liquidity. Money market rates, however, has been already seen bottom, the seven-day repurchase rate is expected to increase from the current 2.96% to 3 ~ 2.96%.