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Tuesday, July 3, 2007

China to `Moderately' Tighten Monetary Policy.

The central bank is talking tough again, but until they slam on the brakes in a meaningful way investors aren't going to listen...

" China's central bank said it will "moderately" tighten monetary policy to control investment and lending growth and prevent the economy overheating this year.
The statement was posted on the bank's Web site today after a monetary policy meeting for the second quarter.
The bank reiterated pledges to continue to reform its exchange-rate system and to give the market a bigger role in setting the yuan's rate. "

Source: China's Central Bank to `Moderately' Tighten Monetary Policy (http://www.bloomberg.com/apps/news?pid=20601080&sid=aGodD2jrWME8&refer=asia)