24 Mar '11, 8am

China IRS down again as interest rate hike fears ease: PHOTO: REUTERS SHANGHAI - CHINESE interest rate swaps edg...

China IRS down again as interest rate hike fears ease: PHOTO: REUTERS SHANGHAI - CHINESE interest rate swaps edg...

Yi Gang, a deputy governor with the People's Bank of China, told a business conference in Hong Kong on Wednesday that he was confident the government would be able to keep annual average consumer price inflation to 4 per cent this year. -- PHOTO: REUTERS SHANGHAI - CHINESE interest rate swaps edged lower on Thursday after the benchmark five-year IRS breached a key support a day earlier, buoyed by a senior central bank official's comments that China should tread cautiously in raising interest rates. Yi Gang, a deputy governor with the People's Bank of China, told a business conference in Hong Kong on Wednesday that he was confident the government would be able to keep annual average consumer price inflation to 4 per cent this year. On Thursday, the Pboc kept the yield of its three-month bill auction in its regular open market operations unchanged, giving the market further ...

Full article: http://www.straitstimes.com/BreakingNews/Money/Story/STIS...

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