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ANALYSIS - CPI FALL EASES PRESSURE ON INTEREST RISE IN CHINA.
(From Asia Pulse)
BEIJING, Feb 23 Asia Pulse - While worry over further slowdown of savings deposit growth might prompt the Peoples Bank of China, the central bank, to further raise the interest rates for deposits and loans, the latest consumer price index (CPI) figure for January would greatly lower such possibility.
According to statistics released by the National Bureau of Statistics on February 22, the CPI rose 1.9 per cent in January 2005 over January 2004, marking a slowdown for the fifth consecutive month.
The January figure, which is lower than 2.25 per cent interest rate (before 20 per cent taxation) for one-year fixed bank deposits, also …
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