By Sapientia (Fund China editor)

GUANGZHOU (Fund China) – Fund managers generally felt that the fourth quarter will tend to moderate the currency market, but easy to increase the level of interest rates, but it is difficult decline.

The proliferation of mobile slight improvement

Taking into account the huge domestic trade surplus with the high level of loan growth, a series of problems such as overheating investment in the fourth quarter will be alleviated and Changsheng Monetary Fund managers believe that the proliferation of the currency market liquidity, the situation will be slightly reversed.

Galaxy Yinfu money market fund managers also believe that the fourth quarter tightening of monetary policy and fiscal policy will be the cumulative effect gradually become apparent, and asset prices have eased up the pressure, while the government’s administrative control and reduce the role of prominent under. The inflation situation will be improved.

Easy to increase the level of interest rates, but it is difficult decline.

Raising interest rates is still a lot of currency and bond fund managers focus. The majority view was that the level of interest rates easy to increase but difficult decline.

For example, the money fund managers that a prominent problem is money and credit growth remained robust, the stock market and the housing market remains popular. Perhaps the fundamentals of the central bank indicates a tightening tone in the foreseeable short term will not have any change. If a capital market and macroeconomic sharp fluctuations, the central bank still expected contraction will spare no effort to liquidity, the interest rate level is easy or difficult to drop.

Changsheng CITIC entire debt fund managers analysis, the mean annual CPI is expected to reach a higher level of 4-4.5%, the real interest rate is negative status may prompt the central bank again raised the level of interest rates this year may raise interest rates again at 1-2.

Copyright Fund China 2009.

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