当前升息需谨慎

近来,关于升息的议论较多,然而从当前中国经济实际情况来看,升息应该谨慎对待。因为从物价水平看,物价虽然维持涨势但已趋缓,通货膨胀压力减轻;从投资看,当前宏观调控已见成效,部分行业投资过热得到抑制,甚至出现负面效应;从消费角度来看,升息将不利于推动消费结构升级,不利于扩大国内需求;从中美利差看,升息会进一步增加套利资本的流入,增加通货膨胀的压力。

Caution against Rising Interests Rates

Recently, the possibility of rising interests rates has caught a lot of attention. However, the reality of China's economy requires that the rising interests rates should be treated with caution: although commodity prices still keep on going, they have leveled of thus reducing the pressure of inflation; the macro-control measures have be successful and the over-investment in certain areas is now under control, even producing side-effects; rising interests rates will not help improve the consumption structure or increase home demands; rising interests rates will also cause more capital of arbitrage to flow into China, thus increasing the pressure of inflation.