China raises interest rates to tackle rising inflation
Linkedin

China raises interest rates to tackle rising inflation

Beijing : China | Feb 08, 2011 at 7:44 AM PST
Source: Guardian Unlimited
XX XX
Views: Pending
 
The move had been expected for a while, as the country tries to dampen down rising inflation. In December the annual rate slowed to 4.6% but is expected to rise further as the cost of food and commodities continues to increase. In response the People's Bank of China has lifted its benchmark rates, with... FULL ARTICLE AT Guardian Unlimited
Back
1 of 6
Next
The People's Bank of China announced yesterday it would raise benchmark one-year lending and deposit rates by 25 points
The People's Bank of China announced yesterday it would raise benchmark one-year lending and deposit rates by 25 points
 
  • Clear
  • Share:
  • Share
  • Clear
  • Clear
  • Clear
  • Clear
 
 
Advertisement
 
Advertisement
 

News Stories

 
  • Asian market reaction to China hike muted (Reuters)

    Turks and Caicos Free Press
    Shares in Asian developed markets rose and the dollar and Swiss franc eased on Wednesday as investors bet that China's latest interest rate rise would not derail hopes of a sustained economic recovery. Increased investor appetite for riskier assets...
  • China has no yen for Japanese bonds

    China News
    China sold a net 177.3 billion yen ($2.15 billion) of Japanese bonds in December, capping the biggest yearly decrease since at least 2005, after the yen and benchmark government debt fell in November. China sold a net 243.5 billion yen in short-term...
  • Toyota share shoot up in Tokyo after US report says electronic flaws not to ...

    Star Tribune
    Toyota shares shot up 4.7 percent in early Wednesday trading in Tokyo, following a U.S. government report that ruled out electronic flaws in runaway Toyota vehicles. Toyota Motor Corp. stock was trading at 3,655 yen ($44) in the morning session,...
  • Japan shares open higher on strong earnings

    The Economic Times
    Japanese shares opened higher Wednesday following a series of strong earnings announcements, including from Toyota Motor, and buoyed by US and European markets rising despite a Chinese rate hike. The headline Nikkei index was up 0.48 per cent, or 50.
  • China raises interest rates to curb inflation

    The independent
    Evidence that high inflation is a concern not just for the Bank of England came yesterday as the Chinese central bank raised interest rates for the third time in four months. The increase of 0.25 percentage points is designed to curb price rises and...
  • Rate hike 'aims to help tame inflation'

    China News
    The central bank on Tuesday raised interest rates for the third time since mid-October by another 25 basis points, to help mop up liquidity and tame surging inflation...The tightening measure was announced right at the end of the Spring Festival...

Images

 >
 

More From Allvoices

Related People

 
Tap_logo_330_110_event
 


Use of this site is governed by our Terms of Use Agreement and Privacy Policy.

© Allvoices, Inc 2008-2013. All rights reserved.