China raises interest rates despite subprime woes - Instablogs
China raises interest rates despite subprime woes
Rahul Bhandari , Shimla: Aug 22 2007
Made Popular Aug 22 2007
To control money supply and curb rising prices, the People’s Bank of China has raised interest rate on bank deposits by 27 basis points to 3.6%, and the lending rates by 18 basis points, to 7.02% from 6.84%, fourth time this year. On the basis...
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Tags: People's Bank of China, CPI, Inflation, China
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