Banking

China unlikely to raise interest rates in near term, Citic says

(Agencies)
Updated: 2010-05-24 14:57

China is unlikely to raise interest rates in the "near term" as inflation slows with recent declines in food and commodity prices, according to Citic Securities Co analysts led by Yu Jun in a report.

Related readings:  China may need rate hike if asset prices rise - ADB  Fed officials say low rate vow depends on outlook  CPI rise may signal bank tightening  Rate hikes around the corner

The brokerage forecast consumer prices to gain less than three percent in May, according to the May 23 report.