According to our calculation, 30 percent is the maximum increase (if the economy is) to achieve 8.0 percent inflation and GDP (gross domestic product) growth of 5.4 percent. |
From now to the first semester of 2006, our economy is still bumpy, thus the monetary sector would still be tight. After the first semester of 2006, the economy will start moving. We will see whether or not the tight monetary policy needs to be relaxed. |
Further rate increases are possible. |
I expect year-on-year inflation this month (December) to stand at around 18 percent. |
We have to strive for the completion of legal and institutional facilities this year. I hope it can be completed in the first semester or the third quarter of 2006 at the latest. |