Economic Policy News
- Economists call for higher interest rates
Date: 17-Apr-2007 Sources: (Shenzhen Daily)
THE government should raise deposit and lending rates again to help curb inflation and limit the flow of funds into the heated stock and property markets, top economists said in remarks published yesterday.
Xia Bin, head of financial research at the Development Research Center, a State Council, or Cabinet, think tank, told a forum that the government had not done enough to tackle the source and consequences of excessive liquidity. Zhang Shuguang, chief economist of the Unirule Institute of Economics, an independent Beijing-based think tank, said the government should raise deposit rates again as a way of narrowing the fat interest spread enjoyed by commercial banks.
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