Increased interest rate ": catching up with inflation A very dangerous

Increased interest rate ": catching up with inflation still A unit is dangerous

For CPI data remains high and the Mainland's stock market trend got the Economist ", the following is the program text of:

Zeng Jing Yi: National Bureau Chief economics teacher Mr. Yao Jingyuan, in accepting the jinshi financial "show telephone consultation, he said that in fact now inflationary pressure is relatively large, but is still five rose three structural reduction of inflation, and not the overall inflation rate. In the first quarter, this inflation will compare is high, but will not appear as the 1994 hyperinflation? end Government going to effective measures to control inflation? what to do, immediately contact the Economist ", he also rose stone consultant's Director.

Government short-term inflation expectations should be immediately control

": It is, now inflation http://has become fact, short-term inflation pressure it is very difficult, because the inflation rate is slow. This is most important to control inflation expectations, and I think this is expected, there are important points, the point is that the Government is determined to give ordinary people in the Bank's deposit not depreciated so deposits interest should be added to the inflation of the above, it is very important, otherwise, China is likely to occur in people buying, stocking up on this phenomenon.

Land prices falling inflation also difficult to drop

": The second is the land prices to come down, because the cause of China's inflation rate is the price of land, land prices to rise a lot of times. If land prices down, inflation may long be in high positions, this Government is possible.

How much should be the interest rate to keep deposits not devalued?

Zeng Jing Yi: if want people in the Bank's deposit not depreciate, do you think the Government is now exactly how much you want to increase the interest rate will be reduced to this expected?

Experience indicates plus 1 to 2% can be effectively controlled inflation

": Four former Premier Zhu Rongji, a power to take measures, inflation plus one percentage point, long term deposit interest is two percentage points. It was very effective in controlling inflation expectations.

Current should be decisive and vigorous rise in interest rates

"But now is not to go this way, it might also be premature. But now the market interest rate and fast. If another five or six months not see inflation effective control, if people really really hoarding tendencies, the Government should also consider the introduction of this year as the Premier Zhu Rongji was doing the same.