The head of the International Monetary Fund has warned that the outlook for the global economy remains uncertain following meetings in China with the country's communist party leadership.
Showing posts with label Chinese central bank. Show all posts
Showing posts with label Chinese central bank. Show all posts
Tuesday, March 20, 2012
Wednesday, July 6, 2011
China raises interest rates to try to tackle inflation
China has increased its main interest rates for the third time this year to try to curb inflation.
The Chinese central bank, the People's Bank of China, said its one-year lending rate would rise to 6.56% from 6.31% and its one-year deposit rate to 3.5% from 3.25%.
The country's consumer price measure of inflation hit 5.5% in May, the highest rate for almost three years.
The Chinese central bank, the People's Bank of China, said its one-year lending rate would rise to 6.56% from 6.31% and its one-year deposit rate to 3.5% from 3.25%.
The country's consumer price measure of inflation hit 5.5% in May, the highest rate for almost three years.
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