Monetary Tightening in China

It is an interesting question why this is done as a series of small steps to happen over the next years or so, with some steps already taken, rather than a larger initial increase in rates followed by some smaller recalibration afterward.

I believe the inflation in certain metals and food will continue for the time being and I expect oil prices to rise, but do note I'm not paid to make predictions which is an indicator of what those predictions are worth.

China Raises Interest Rates to Quell Inflation - NYTimes.com via kwout