RMB Interest Rates Will Continue to Rise

Lehman Brothers say that the recent 0.27 percentage point rise in RMB interest rates is just for starters, and that China will continue to higher RMB interest rates, They forecast a rise up to 6 percent on a oneyear loan by the end of 2005. Liang Hong,chief economist at the Goldman Sachs investment bank, says that although the rise in RMB interest rates may be minimal,