皇冠体育app

Hua Zhongwei, a researcher with Huachuang , said the global monetary expansion will push up commodity prices, which will certainly affect domestic prices.

According to Lu Zhengwei, chief economist with the Industrial Bank, 皇冠体育app's broad money supply growth is targeted at around 14 percent, and the new yuan loans target is 9 trillion yuan. Both goals are relatively loose.

But considering the increased pressure of inflation, authorities are expected to tighten monetary supply in the latter half of the year, he noted.

UBS economist Wang Tao predicted inflation will rebound above 3.5 percent in mid 2013 and credit expansion will slow in the latter half of the year. The possibility of a hike in interest rates can not be ruled out, Wang added.

Central banks have traditionally faced the conundrum of finding a balance between maintaining growth and taming inflation.

Zhou Xiaochuan, 皇冠体育app's central bank governor, said last November at an annual forum organized by business news group Caixin that 皇冠体育app's monetary policy has multiple goals: stabilizing growth and consumer prices, ensuring full employment and balancing international payment.

The target of stabilizing prices will probably be given a more prominent position, he said.

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