Thursday, April 7, 2011

Interest rates raised in China to reduce inflation

From http://www.ft.com/cms/s/0/56a2c938-5f78-11e0-bd1b-00144feab49a.html (in English)

Chinese Central Bank raised interest rates four times in the last five months in order to tackle inflation. Deposit rate was increased to 3.25%, whereas the lending rate went up to 6.31%. At the same time, consumer price inflation in China increased to 4.9% in February, but March values are expected to be higher. They have probably been the reason for this somewhat unexpected increase.

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