Bank rates heading up
本文作者： AGENCIES
THE People's Bank of China (PBOC), the country's central bank, raised interest rates last Thursday for the first time in nine years in an attempt to cool down the over-heated economy. The benchmark rate for one-year renminbi (RMB) loans was lifted to 5.58 per cent from 5.31 per cent; the rate on one-year deposits rose to 2.25 per cent from 1.98 per cent... |  |
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