The economy seems able to handle more tightening.
"We're forcing the enemy to react to us a little more, tightening the noose".
More tightening must follow.And elsewhere, too, for Britain's unhappy taxpayers are not alone in their misfortune.
"But rising input and output prices also point to greater inflationary pressure, which will likely prompt more tightening measures in the coming months".
More tightening is expected as China's central bank continues its fight against inflation.With Christine Lagarde installed as its managing director, the IMF made other senior appointments.
"The strength of the economy will make them confident and well prepared to impose more tightening measures if needed," said Frances Cheung, a senior strategist for Credit Agricole CIB in Hong Kong.
After Palestinian gunmen fired on a Jewish enclave in the West Bank city of Hebron on Monday, Israel once more tightened its blockade around the divided city.
In the last rounds of cuts, "campuses have tightened their belts so much that there is no more tightening to be done," said Lawrence Pitts, academic provost for the University of California.
While markets have long expected more tightening by China, the timing of the move was surprising after several prominent economists predicted this week that the central bank would wait to gauge the impact of Japan's earthquake and tsunami.
