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<p>LianeRhone233: Created page with &quot;China's inflation rate grew more-than-forecast in March as higher fuel and food costs pushed up consumer prices. Consumer prices grew by 3.6% in March from a year earlier, up...&quot;</p> <hr /> <div>China's inflation rate grew more-than-forecast in March as higher fuel and food costs pushed up consumer prices.<br /> <br /> Consumer prices grew by 3.6% in March from a year earlier, up from 3.2% in February. Analysts had forecast an increase of 3.3%.<br /> <br /> Premier Wen Jiabao has cited inflation is one of China's main economic worries and has set a target of 4% for 2012.<br /> <br /> Analysts said the data may prompt the central bank to hold back on monetary policy easing for now.<br /> <br /> &quot;I think the stronger-than-expected inflation could slow down the pace of monetary policy relaxing, although the basic direction of policy easing is intact,&quot; said Wang Jin of Guotai Securities in Shanghai.<br /> Growth concerns<br /> Continue reading the main story<br /> �Start Quote<br /> <br /> We maintain our forecast that the central bank may cut the reserve ratio several times this year, but the chance of cutting interest rates has become even lower�<br /> <br /> Wang Jin Guotai Securities<br /> <br /> China's economy grew by 8.9% in the three months to the end of December from a year earlier, the slowest pace of growth in more than two years.<br /> <br /> There have been concerns that its growth may slow even further amid a slowing demand for its exports from key markets such as the US and eurozone.<br /> <br /> In a bid to sustain its pace of growth, China's central bank has been easing its monetary policy in recent months.<br /> <br /> It has cut the amount of money banks must keep in reserve twice in the past few months, in effect giving them more money to lend to consumers, in a bid to boost lending and sustain economic growth.<br /> <br /> There has been growing speculation that the central bank may cut the cost of borrowing in a further attempt to boost growth.<br /> <br /> However, analysts said the higher-than-expected jump in consumer prices had reduced the chances of such move, not least because of fears that availability of easy money at low rates may push consumer prices higher.<br /> <br /> &quot;We maintain our forecast that the central bank may cut the reserve ratio several times this year, but the chance of cutting interest rates has become even lower,&quot; said Mr Wang.</div>

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