瑞银:内地通胀压力继续上升 料年内人行不会大幅收紧流动性
瑞银投资银行高级中国经济学家张甯表示,内地通胀压力继续上升,成为市场焦点,预期当局为抑制大宗商品和原材料价格进一步大幅上涨,未来几个月可能会阶段性暂时放松部分限产措施,或调整相关措施的节奏。
他相信,人行会在9月或10月小幅上调MLF利率及逆回购操作利率5个基点,但考虑到年内CPI通胀压力依然基本可控,而且部分上游产品的供给扰动或属暂时性,认为今年内人行将不会大幅收紧流动性或大幅上调政策利率。
他预计,今年底整体信贷增速会进一步放缓至11%左右,市场利率在5月至6月可能会小幅度上升,并於下半年回落。
Follow us
Find us on
Facebook,
Twitter ,
Instagram, and
YouTube or frequent updates on all things investing.Have a financial topic you would like to discuss? Head over to the
uSMART Community to share your thoughts and insights about the market! Click the picture below to download and explore uSMART app!

Disclaimers
uSmart Securities Limited (“uSmart”) is based on its internal research and public third party information in preparation of this article. Although uSmart uses its best endeavours to ensure the content of this article is accurate, uSmart does not guarantee the accuracy, timeliness or completeness of the information of this article and is not responsible for any views/opinions/comments in this article. Opinions, forecasts and estimations reflect uSmart’s assessment as of the date of this article and are subject to change. uSmart has no obligation to notify you or anyone of any such changes. You must make independent analysis and judgment on any matters involved in this article. uSmart and any directors, officers, employees or agents of uSmart will not be liable for any loss or damage suffered by any person in reliance on any representation or omission in the content of this article. The content of the article is for reference only and does not constitute any offer, solicitation, recommendation, opinion or guarantee of any securities, virtual assets, financial products or instruments. Regulatory authorities may restrict the trading of virtual asset-related ETFs to only investors who meet specified requirements. Any calculations or images in the article are for illustrative purposes only.
Investment involves risks and the value and income from securities may rise or fall. Past performance is not indicative of future performance. Please carefully consider your personal risk tolerance, and consult independent professional advice if necessary.