巴曙松金融政策讲义20121205.pptVIP

* * 4 rate rises this year; 6 since 2003. One-year loan at 7.02%; one-yr deposit at 3.6%. Compared to 17.5% nominal GDP growth and 5.6% inflation, these rates are not hardly restrictive In real terms, one-yr deposit rate stands at -2%; one-yr loan rate at 1.42%; still accommodative to growth * * 4 rate rises this year; 6 since 2003. One-year loan at 7.02%; one-yr deposit at 3.6%. Compared to 17.5% nominal GDP growth and 5.6% inflation, these rates are not hardly restrictive In real terms, one-yr deposit rate stands at -2%; one-yr loan rate at 1.42%; still accommodative to growth * * 4 ra