08 February 2011
Below explains recent sharp divergence between US and HongKong / Singapore. HK got firm insider news.
China hikes interest rates again to damp inflation
The People's Bank of China announced Tuesday on its website that the benchmark 1-year deposit rate would rise by a quarter percentage point to 3 percent and the 1-year lending rate would increase by the same amount to 6.06 percent. The increases are effective Wednesday.
China hikes interest rates again to damp inflation
The People's Bank of China announced Tuesday on its website that the benchmark 1-year deposit rate would rise by a quarter percentage point to 3 percent and the 1-year lending rate would increase by the same amount to 6.06 percent. The increases are effective Wednesday.
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