According to the National Business Daily, in a survey conducted on June 4, the average prediction for the growth in the CPI figure for May made by 25 securities and research institutes was 3.1 percent, a little higher than the 2.8 percent rise registered in April. Industry players including Li Lihui, president of the Bank of China, believe that the central bank is likely to hold back on raising interest rates for now.

Source
National Business Daily

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