| Adjustment in the Past |
| Interest rate raised for the 5th time in 2007: The benchmark one-year lending and deposit rates will be raised by 0.27 percentage points from September 15, the People's Bank of China, the central bank, said on its website. Which means the one-year lending rate will increase from 7.02 percent to a nine-year high of 7.29 percent, and the deposit rate will rise from 3.6 percent to 3.87 percent. |
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| Comments & Analysis |
| Mortgage rate may rise: The central bank is expected to increase the interest rate of mortgage loans to 1.1 times the benchmark one-year lending rate in Sept. |
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| Statistics |
| CPI may grow 5% in July: Price pressures are being passed on from producers to the consumers. The nation's consumer price index (CPI) growth could reach the year's highest of five percent in July. |
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| Influence on Market |
| High prices to persist next year: High prices will continue to make life difficult for consumers next year because the government is likely to further deregulate prices of public utility items such as water, power and natural gas. |
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| Any Suggestion and Opinion:
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| Contact Person: Dong Zhijiang |
| Tel：010－67801125 |
| Fax：010－67800239 |
| E-mail：dongzj@ec.com.cn
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