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Sovereign Wealth Funds Briefing - Categorized | Compliance/Regulation/Legal, Reserve Currencies

CIC official says China may raise rates before Fed

Posted on 13 January 2010

From Bloomberg: A China Investment Corp. official said the Asian nation may raise benchmark interest rates before the U.S. because it faces a greater risk of an asset bubble, Market News International reported today.

The U.S. dollar is unlikely to fall further this year, and the outlook for the yen isn’t promising, Peng Junming, an official in the asset allocation and strategic research department of China’s $300 billion sovereign wealth fund also was quoted as saying……………………………………Full Article: Source


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