Data published during the night, showed that property prices are still rising in major cities. In Beijing, prices are rising at 6.8% y / y, while in other cities, there is still a double-digit growth rates. Heiko faced with increasing prices by 20% in January. Officials have implemented tough measures to suppress the demand created, but they, like rising interest rates will require time to implement.The contrasting comments from Sentance of the Bank of England.
Comments by members of the monetary committee drew attention to themselves, leaving the day after the report on inflation, saying that inflation forecasts from the Bank of error. Much concerned production gap. In other words, he does not think that the slowdown in the economy to suppress inflation, to which many hope.
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