2011 will be year of global rate hikes, says Boockvar
China’s rate hike is the first of many global rate hikes to come, according to Peter Boockvar, an equity strategist at Miller Tabak. [PduP: Russia actually increased rates a day before China, also citing inflationary pressures as the reason. Brazil may soon follow.]
Source: CNBC, December 27, 2010.
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