According to him, the very rapid and steep rise in interest rates, although necessary to tame inflation, does impact banks.

He noted that several uncertainties remain, including whether major economies like the United States and Europe can effectively tame inflation, as well as countercurrents against economic globalization and risks like government debt.

China's inflation remained tame, with the consumer price index, a main gauge of inflation, rising 1 percent year-on-year in February.

The country's consumer price index (CPI) remained tame coming into 2023, with the February reading standing at 1 percent.

Accommodative policies will stabilize prices, supplies of commodities, drive consumptionThe recovery of the Chinese economy is expected to cool global inflation instead of pushing it up, and China's inflation growth and overall prices will remain tame and stable, according to economists and analysts.

On concerns that China's reopening may push up global inflation, Wang said China will likely keep inflation tame and stable amid a steady recovery of demand in 2023, which will instead help cool the global inflation.

Both the Bank of England, Britain's central bank, and the European Central Bank were expected to raise interest rates on Thursday to tame high inflation, ease the cost-of-living crisis and avoid falling into recession.

"China's stable price levels are creating an environment that keeps economic performance stable, which also helps tame global inflation," Liu said.

After returning to normalcy, and when financial risks tame and pro-growth reforms take effect, China's resilience will also strengthen in the medium-to-long term, Liu said, expressing optimism about the prospects of Chinese assets.

China's fiscal and monetary policies may maintain an accommodative stance with controllable inflation levels in the coming three to six months, versus the ongoing rate hike cycle in the United States and Europe to tame sticky high inflation, said Goldman Sachs' chief China economist Shan Hui.

It also upgraded real estate from underweight to neutral as a series of supportive measures launched recently may help significantly tame the risks facing the sector.

Tariff cuts on Chinese products will help the United States tame its record-high inflation, and improvement in the economic and trade relations of the world's two largest economies will also benefit the world, government officials and experts said on Wednesday.

After three months, the Fed will ramp up the reduction amount up to $95 billion per month, coupled with ongoing interest rate hikes to tame inflation, whose annual rate slowed to 8.3 percent in April from a 41-year high of 8.5 percent in March.

Worries over a potential US economic recession have plagued markets as investors doubt whether the US Federal Reserve's aggressive tightening will manage to tame US inflation without triggering a hard landing of the world's largest economy.

Inflation largely tamedChina's inflation remained largely tame throughout 2021 against the backdrop of sustained economic recovery, while soaring prices emerged as a massive threat in many parts of the world.

"China's impressive exports significantly offset production disruptions from COVID-19 in other countries, meeting global demand and helping to tame price surges in the world, while its expanding imports boosted economic recovery in related economies, " said Zhou Xuezhi, a researcher at the Institute of World Economics and Politics of the Chinese Academy of Social Sciences.

To tame the risks, the country will ensure consistency in policies while unleashing new policy measures combining cross-cyclical and countercyclical adjustments.

Bai Wenxi, chief economist of IPG China, said the government measures to tame rising coal prices will help cool the red-hot market.

Although the Chinese authorities have taken measures recently to tame commodity prices, there are signs profit margins of manufacturing enterprises, especially smaller ones, are getting squeezed, said Heron Lim, an analyst with Moody's Analytics.

Long Shaobo, deputy director of the Center for Public Economy and Public Policy at Chongqing University, said the slowdown of PPI growth will help lift concerns about pressure brought by commodity prices and will help tame concerns for headline inflation.

A recovery, however, will likely be subdued, unless policy makers move decisively to tame the pandemic and implement investment-enhancing reforms, the World Bank cautioned, as COVID-19 has continued to spread, with sharp resurgences in many regions.

- China has promised a crackdown on irregularities in the photovoltaic (PV) sector to tame price hikes, according to a guideline released on Wednesday.

This may have also helped tame surges in global prices, thus making great contributions to the world's economic recovery.

Tao Jin, deputy director of the Macroeconomic Research Center at the Suning Institute of Finance, said the government's recent moves to tame rising coal prices will help cool the red-hot market and bring record high prices back to a reasonable range.

The pilot real estate tax comes amid consistent efforts to tame home prices and ensure the principle of "houses are for living in, not for speculation".

While top-tier cities seek to tame runaway home prices, third- and fourth-tier cities offer a contrast－they are striving to prevent a crash in home prices.

This was among the moves by the national capital to tame the prices of apartments in the vicinity of premium schools that tended to rise unreasonably.

However, the ability of some authors to tame the beast of AI does usher in an interesting conversation on just how this technology could be used to open up literary creative opportunities, to create masterpieces of the future.

The government will have to raise interest rates to tame any runaway inflation as signaled by the surging CPI.

The country's consumer price index remained tame coming into 2023, with the February reading standing at 1 percent.

Therefore, the normalization of global supply chains will help tame core inflation indicators, such as energy and food, in 2023, but they will still be relatively higher compared to historical data.

US central bank could effect more rate increases to tame high inflationThe 25 basis point increase in interest rates announced by the United States Federal Reserve on Wednesday is largely in line with market expectations and unlikely to exert negative impact on China's capital markets, experts said.

With the Fed raising interest rates by as many as 425 basis points to tame inflation this year, many economies across the world have felt the pressures of local currency depreciation, capital outflow and higher debt costs.

They said the Fed's tightening campaign to tame inflation has started to gear down as it raised interest rates by 50 basis points on Wednesday, compared with four consecutive hikes of 75 basis points in the previous meetings through November.

The Fed may implement another two to three interest rate hikes before the end of the year to tame inflation.

While saying that the Fed will use the tools "forcefully" to tame inflation, Powell also indicated that further interest rate hikes should be expected even though it may cause some "pain" to the US economy.

With the Fed raising interest rates by 225 basis points this year to tame US inflation, which is hovering around a 40-year high, the yield on 10-year US Treasury bonds increased to 2.79 percent as of Monday, up from 1.52 percent at the end of last year, according to market tracker Wind Info.

Their comments came after the US Federal Reserve announced on Wednesday an interest rate hike of 75 basis points, following a similar rise in June, in a bid to tame inflation.

Yet, it is expected to announce another rate hike of 75 basis points next week to tame inflation, experts said, after the European Central Bank lifted interest rates by half a percentage point on Thursday for the first time in 11 years.

Experts said foreign investors have cut US Treasury holdings mainly to shun losses caused by the potential bond price drops due to the US Federal Reserve's ongoing interest rate hikes to tame inflation running at a 40-year high.

China's prudent and responsible monetary policy will help tame global price pressures and further propel growth when necessary as sustained high inflation emerged as a major concern of the global economy, officials and economists said on Tuesday.

While Fed officials are prepared to move ahead with multiple 50-basis points interest rate hikes to tame inflation, they are also attentive to the need of adjusting their policy based on incoming information about the economic outlook, the minutes of their meeting in early May which were released on Wednesday said.

Wang said the still hot inflation has strengthened the dollar by further convincing investors that the US Federal Reserve will likely resort to an aggressive half-percentage-point rate hike in June to tame inflation.

Risk levels are tame in some major sectors, said Liang.

The US is experiencing its highest inflation in 40 years, while China's inflation is tame.

Their remarks came after US Federal Reserve Chairman Jerome Powell hinted on Monday that the Fed could implement interest rate hikes of 50 basis points to tame inflation in the coming months, more aggressive than last week's 25-basis-points hike that brought key interest rates to 0.25-0.5 percent.

The Fed chair said on Monday that it would be appropriate to raise interest rates by more than 25 basis points, if necessary, citing the need to move "expeditiously" to tame excessive inflation, which is running at around a 40-year high.

Their remarks were in response to the Fed's decision on Wednesday to raise key interest rates by a quarter of a percentage point to the range of 0.25-0.5 percent, embarking on a tightening cycle to tame inflation that could bring interest rates to about 1.9 percent by the end of the year.

Wang Qian, Vanguard's Asia-Pacific chief economist, said that while most of the world starts to tamp down on economic stimulus to tame inflation, China is poised to add fuel to its economy, which will partially offset the impact on global markets of tightening in developed economies.

While easing measures could be on the horizon in China, the Fed signaled in a document on Wednesday that it could raise interest rates sooner than expected to tame inflation.

The rise in home mortgage rates will adequately tame soaring property prices and lower risks, but local policymakers should be aware of protecting first-time buyers, according to experts.

Although the major interest rates have remained unchanged, market participants expect further cuts in the reserve requirement ratio (RRR), as early as this week, to inject more long-term capital and tame the surging interbank interest rates and bond yields.

Economists have termed the foreign exchange swaps as the most important arrangement till now to tame market turmoil, even as global financial conditions are tightening.

"No matter how many measures we take, even tens of thousands of those, they will never work if we fail to tame the money issuance," said Yi, who stressed that the monetary policy is the key to stabilize prices.

The central bank is strengthening monitoring of cross-border capital flows, to tame unexpected fluctuations that could hurt the stability of the yuan, Huo told a financial forum on Saturday.

"Efforts to tame non-compliant loan products are essential, as many private sales take place on local financial exchanges and equity trading centers, making them difficult to track and assess, said Guo Yonggang, general manager of the structured financing department at Golden Credit Rating International Co.

Controlling the money supply is identified as one of the policy priorities to tame asset bubbles and reduce debt levels, according to the recent Central Economic Work Conference.

Analysts said the moves will effectively tame the new debt expansion.

The aim of the guideline was to tame the investment implosion.

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Capital outflows have remained tame in China as the currency, the yuan, has stabilized from previous depreciation.

Banks are also asked to enhance liquidity risk management, conduct stress test on a regular basis and tame maturity mismatch.