China's central bank raised interest rates on Tuesday, its second increase in just over a month, intensifying its fight against stubbornly high inflation.
Although annual inflation slowed to 4.6 percent in December, it is set to pick up again in January with food prices on the rise.
Benchmark one-year deposit rates will be lifted by 25 basis points to 3 percent, while one-year lending rates will also be raised by 25 basis points to 6.06 percent, the People's Bank of China said.
The rises take effect from Feb. 9.
Posts
Don’t talk cock, just tell me what stocks to buy
-
One group of the population that investment course providers cannot win are
folks who think that there is a magical list of stocks that, when bought,
wou...
14 hours ago
No comments:
Post a Comment