CPI rose 3.2% more than expected negative interest rate ended "deposit hot" or rise

In recent years, bank deposits have not been favored by us. Yesterday, data released showed that the CPI in February exceeded expectations and rose by 3.2%. This indicates that the negative interest rate for two years has entered the end era. This is good news for the people. If this situation continues, it may bring up a "deposit heat". Let's take a look at the relevant reports of the Xinmin Evening News. The National Bureau of Statistics released data on March 9th, 2012. In February, CPI rose by 3.2% year-on-year, and the growth rate dropped by 1.3 percentage points from the previous month. This means ending the negative interest rate for 24 months. Wang Yuwen, a researcher at the Bank of Communications Financial Research Center, said in an interview with Xinmin.com that CPI has returned to the downtrend channel mainly because of the higher base of CPI in February due to holiday factors last year and the cyclical correction of food prices, which caused the price of food to fall. It is estimated that the year-on-year CPI will increase between 2.7% and 3.3%, which will be significantly lower than the previous year. Without any surprise, the government's 4% price control target for the whole year can be achieved. The main force release of important signals (attachment) institutional capital flow has changed dramatically! Free Level-2 high-speed quotes software powerful features limited time free "food ratio rebounded sharply, driving CPI exceeded expectations to fall back to 3.2%, lower than the market's widely expected 3.4 %”, Lu Zhengwei, senior economist of Industrial Bank, told reporters. He believes that the unexpected decline in February is likely to overdraw some of the future declines, making the CPI decline in the next three months. The CPI was lower than expected, but the high international oil prices and the rising PMI have affected the pace of monetary policy relaxation. Analysts at HSBC Jinxin believe that the inflation easing will facilitate the further launch of the fine-tuning policy. The sharp fall in CPI data in February was in line with expectations. Although inflation in the first month of 2012 has been repeated, the inflation environment in 2012 will be significantly better than in 2011. Investors do not need to worry too much about inflation in 2012. Improvements based on the inflationary environment will create better conditions for the further introduction of the pre-adjustment and fine-tuning policy. In 2012, the policy will be slightly looser in neutrality and will be conducive to the operation of the capital market. Regarding the future monetary policy, Wang Yuwen said that the continuous downward trend of CPI and the disappearance of negative interest rates provided space for monetary policy operation. In 2012, the deposit reserve ratio will still be judged by one to three times and 0.5 percentage points each time. In terms of interest rate policy, although negative interest rates may disappear this year, considering that medium- and long-term inflationary pressures still exist, although economic growth has declined, it may still be relatively stable, and the benchmark interest rate at a neutral level is not necessary to be significantly reduced.

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