TSX:SGR.UN - Post by User
Comment by
hydra100on Dec 11, 2010 7:23pm
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Post# 17834373
RE: RE: RE: CHINA
RE: RE: RE: CHINA
IF YOU DO NOT KNOW WHAT THIS MEANS FOR THE PRICE OF GOLD YOU SHOULD NOT BE IN GOLD.
China's Inflation Fight May Widen as Growth Withstands Tightening Measures
By Bloomberg News - Dec 11, 2010 12:00 PM GMT-0400
With both inflation and growth figures surprising on the upside, Beijing can and will focus on fighting inflation whole- heartedly,” said Qu Hongbin, an economist at HSBC Holdings Plc in Hong Kong. An “immediate” increase in rates is likely and lenders’ reserve ratios may keep climbing, Qu said.
London-based Capital Economics Ltd. said Dec. 10 that a rate increase after senior officials conclude an economic policy meeting in Beijing this weekend “cannot be ruled out.” The Politburo has already announced that the nation will officially switch next year to a tighter, “prudent” monetary stance