China's central bank has raised key interest rates by a quarter-point in a further effort to curb bank lending and rein in inflation.
The latest move takes the one-year deposit and lending rates to 3.25% and 6.31% respectively.
The People's Bank of China said the rise - the fourth since late last year - would take effect from Wednesday.
China has been battling inflation, with consumer prices rising 4.9% in February from the same month a year ago.
Food prices alone surged by 11% in February from an year ago.
Source: BBC
www.bbc.co.uk
The latest move takes the one-year deposit and lending rates to 3.25% and 6.31% respectively.
The People's Bank of China said the rise - the fourth since late last year - would take effect from Wednesday.
China has been battling inflation, with consumer prices rising 4.9% in February from the same month a year ago.
Food prices alone surged by 11% in February from an year ago.
Source: BBC
www.bbc.co.uk
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