Saturday, Sep 15, 2007
Could this be why the US may need double didget interest rates? Soon coming to a town near you!
Bloomberg: China Needs More Rate Increases to Curb Inflation, Speculation
Soaring food costs pushed inflation to 6.5 percent in August, more than double the 3 percent annual target of the People's Bank of China.
Posted by planning4acrash @ 09:28 AM (320 views) Add Comment
3 Comments
- If you do not have an admin password leave the password field blank.
- If you would like to request a password allowing you to add comments and blog news articles without needing each one approved manually, send an e-mail to the webmaster.
- Your email address is required so we can verify that the comment is genuine. It will not be posted anywhere on the site, will be stored confidentially by us and never given out to any third party.
- Please note that any viewpoints published here as comments are user's views and not the views of HousePriceCrash.co.uk.
- Please adhere to the Guidelines
1. su said...
I wonder if most of China's food is "home-grown" and if so, are we talking problems with climate affecting crops? A world-wide famine is going to have a much more worrying effect on everyone than property prices. If property becomes affordable again perhaps they should come complete with greenhouses and decent sized vegetable gardens.
2. Mark said...
nice to see their bank acting as it should, unlike ours... rates still need to go up here and we need to scrap the cpi..it is toal BS
3. Ash4781 said...
What a mess with that dollar peg!