China might further raise interest rate

时间：2007-09-19 03:13:12

（单词翻译:单击）

Chinanews, Beijing, Sept. 18 – The primary goal for the central bank to raise the interest rate is to make it offset1 the inflation. Under this consideration, it is more likely for the central bank to further raise the interest rate in the coming few months. In addition, the central bank might also raise the required reserve ratio, the Bank of China said in its recent monthly report issued on Monday.

 

As CPI growth rate in August touched a record high point, it is predicted that this might lead to an even greater inflation. That forms the main reason for the central bank to raise the interest rate, the report says.

 

The report predicts that CPI growth rate might reach over 4.5% for the whole year and the central bank might further raise the interest rate in the coming few months. Previously2, the central bank raised the interest rate in order to control the loan release. Now, it seems that offsetting3 the inflation has become a more urgent task for the time being.

 

Facing the booming real estate market, commercial banks find it hard (and they are also unwilling) to curb4 the fast increase of mortgage loans. So it is really hard for the central bank to achieve its goal of capping the newly increased loan release. In future, the central bank might consider raising the required reserve ratio, the report says.

 
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1 offset mIZx8     
n.分支，补偿；v.抵消，补偿
参考例句：
  • Their wage increases would be offset by higher prices.他们增加的工资会被物价上涨所抵消。
  • He put up his prices to offset the increased cost of materials.他提高了售价以补偿材料成本的增加。
2 previously bkzzzC     
adv.以前，先前（地）
参考例句：
  • The bicycle tyre blew out at a previously damaged point.自行车胎在以前损坏过的地方又爆开了。
  • Let me digress for a moment and explain what had happened previously.让我岔开一会儿，解释原先发生了什么。
3 offsetting c005dfe34c894146c623d2dd18e54b55     
n.偏置法v.抵消( offset的现在分词 )；补偿；（为了比较的目的而）把…并列（或并置）；为（管道等）装支管
参考例句：
  • Dealers, having concluded a forward contract, should always hedge with an offsetting contract. 外汇经营商在签订了一项远期合同之后总是应进行套头交易签订一项相抵合同。 来自辞典例句
  • Where does Germany think offsetting shifts into greater external deficits might occur? 在德国看来，这么大的外部赤字应该转移到哪里？ 来自互联网
4 curb LmRyy     
n.场外证券市场，场外交易；vt.制止，抑制
参考例句：
  • I could not curb my anger.我按捺不住我的愤怒。
  • You must curb your daughter when you are in church.你在教堂时必须管住你的女儿。

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