As the underlying economic recovery appears moribund, it is the main stream view that global interest rates will stay at a lower lever. However, it appears that inflation expectation is gathering stream. The authorities concerned therefore have to make necessary preparation, as the prevailing loose monetary policy may come to an end.
This year marks the inauguration of the “12th Five Year Plan” of our Motherland, which will lay the foundation of stepping stone for a new phase of development.