Central Bank: International Commodity Prices Still Have Room For Growth.

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Commodity prices will remain high.

The report pointed out that in 2010, crude oil, basic metals, agricultural products and other commodity prices in the emerging market economies demand strong, the overall liquidity of the financial market is more abundant, achieved a larger scale.

In addition, the increasing number of global abnormal weather and the turbulence of political and social situation in some areas have restricted the supply of some commodities. Therefore, the price of international commodity prices still has room for improvement.

The report predicts that major commodity prices, especially oil prices and grain prices, will remain high in 2011.

Central bank predicts new

Dollar trend or weakness this year

For the global macro-economy, the report points out that the foundation of the global economic recovery in 2011 will be further consolidated.

The impact of the financial crisis has gradually subsided, and economic vitality and market confidence have gradually recovered, and the policy environment is generally relaxed. These are conducive to the sustained recovery of the global economy and create a favorable environment for the operation of the international financial market.

But there are still many uncertainties in the economic operation.

The European sovereign debt crisis is at risk of further proliferation. The high unemployment rate of developed economies and the "deleveraging" of households will suppress demand. The risk of currency competitive depreciation still exists. The direction of monetary and fiscal policies of different economies will still be divided. Emerging markets are facing inflation pressure and asset price bubble risks. Geopolitical risks may spread, which are not conducive to the stable recovery of the world economy, and will also lead to phase turbulence in international financial markets.

The report predicts that in 2011, the overall trend of the US dollar may be weak due to factors such as slow economic recovery, low interest rates and "double deficits".

However, the risk of European sovereign debt crisis still exists and geopolitical risk is likely to spread. These factors are conducive to the gradual strengthening of the US dollar in the overall weakness.

As the world economy is gradually emerging from the shadow of crisis, the easing monetary policy of major economies will weaken in 2011.

The central bank predicts that in 2011, if inflation expectations change or the pressure on commodity market price increases, the ECB, which has always attached importance to price stability, may begin to raise interest rates.

In addition, the world's major stock markets will probably increase in 2011 when the world economy continues to recover, the monetary environment of the major developed economies is loose and the profits of enterprises are gradually improving.