“We can say for sure that the benchmark rate hike will generate meaningful effects in terms of controlling the pace of the sharp rise in housing prices and household debt, but the level of the effects will depend on the market circumstances, so we need to keep paying attention. The timing of the readjustment of our monetary policy will depend on the future course of economic growth, prices and financial imbalance here. One major precondition for our additional rate hike is the economy's robust recovery.”
09 Sep 2021
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