"Maintaining economic growth should be our priority when most of the price rises are caused by production costs," Wang wrote in the official China Securities Journal. "Sound economic growth will equip residents well to fight inflation." Seems like most people are sensible about inflation at the raw material level except the governor of PBC who said he wants to fight inflation because energy price has increased. EU should have lowered interest rate instead of raised it. Lowering interest rate there actually will ease inflation since Dollar will be stronger. They seem to follow the text book step by step.