In the US we expect that Fed Funds will be on hold for a prolonged period, but ultimately with a recovery in growth rates will need to go up, probably in late 2007 or in 2008.

• 我们预期美联储基金利率会长时间维持不变，但在美国经济反弹的压力下，息率可能在2007年尾或2008年上升。