Bloomberg Anywhere Remote Login Bloomberg Terminal Demo Request


Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.


Financial Products

Enterprise Products


Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000


Industry Products

Media Services

Follow Us

Hard to Predict Rate Boost Chances, Bank of China’s Li Says

China’s inflation may remain under control this year, making it difficult to predict whether the central bank will need to increase interest rates, Bank of China Ltd. President Li Lihui said.

The world’s second-largest economy is in “steady mode” and is rebounding, Li said in an interview in Beijing, where he’s attending the annual session of the National People’s Congress, the country’s legislature.

Retail sales and industrial output had their weakest combined start to a year since the global recession in 2009, data published yesterday showed, adding to signs of a moderating rebound. A separate report showed inflation, distorted by a week-long holiday, was the fastest in 10 months in February. The government is targeting economic growth of 7.5 percent, the same goal as last year, when actual expansion slowed to 7.8 percent, the lowest since 1999.

“CPI will still be controlled relatively well this year,” Li said. “Our projection is that it can be controlled at around 3 percent. Under this scenario, it’s hard to say at this point whether the central bank will need to raise interest rates.”

Loan growth in the country may be similar to last year, Li said, even as Chinese companies reduce dependence on financing from bank loans by turning to bond sales and other methods of raising funding. Larger banks will have an advantage as the process opens up new lines of business, he said.

“We can provide capital market services to our customers, helping them to raise funds on the capital markets, such as selling bonds, short-term notes or shares” he said. “Financial disintermediation will prompt banks to transform their businesses and innovate.”

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.