Translate the following into Chinese.
China’s long-running campaign to tighten monetary policy may have a little more life in it with economists expecting the People’s Bank of China will raise interest rates at least one more time this year, a survey of economists by Dow Jones Newswires showed Wednesday.
Six out of ten economists polled said they expected China’s central bank will likely raise the benchmark lending and deposit rates by a further 0.25 percentage point each this year to combat high inflation. The other four forecasters predicted between one and two hikes through the end of the year.
The People’s Bank of China is also likely to raise banks’ reserve requirement ratio by 50 basis points next month, continuing its pattern of raising the ratio once a month so far this year, according to the survey. But economists expect the pace of such increases to slow later in the year. “With inflation staying relatively high, the authorities are unlikely to relax policy tightening in the short term,” China International Capital Corporation Ltd, economist Peng Wensheng (彭文生) said.
The latest inflation data showed that China’s consumer price index rose 5.3% from a year earlier in April, down slightly from March’s 5.4% rise but still well above the official full-year target of around 4%. Many economists expect inflation to peak in June.
