China makes new anti-inflation move
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China's cabinet on Monday sharply increased penalties for price-fixing, expanding an anti-inflation campaign that has failed to cool a surge in politically sensitive food costs.
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China reported its lowest rise in inflation in nine months on Friday as growth in grain and food prices moderated, easing pressure on the central bank to raise interest rates.
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BEIJING (Dow Jones)--China raised interest rates Thursday for the first time in more than nine years, escalating its battle to tame feverish economic growth but immediately
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China announced Thursday it will raise interest rates for most deposits and loans by more than a quarter point - the first rise in nine years - in a move to cool down the torrid Chinese economy.
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Chinaâs central bank said it would gradually promote reforms of the yuanâs exchange rate regime and improve its foreign exchange management this year.
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China pledged to ``push ahead firmly and steadily&#39;&#39; toward a more flexible exchange rate without providing a timetable for the shift from a currency peg that is criticized by the Group of Seven industrial nations.
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China&#39;s central bank has raised interest rates for the first time in 14 years, in a bid to moderate the country&#39;s explosive economic growth.
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China raised interest rates on Thursday  for the sixth time this year, the latest of a series of  tightening steps to cap inflation and prevent the world's  fourth-largest economy from overheating.
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China has raised its core interest rates for the first time in nine years, as the country&#39;s central bank moves to rein in the booming economy.
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Chinese consumer inflation reached 7.1% in January, the highest rate for 11 years, official figures show.
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China's central bank sought on Friday to soothe concerns over its first interest rate hike in nearly a decade, saying it will not have a big impact on the economy or the pegged yuan currency.
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China's central bank on Thursday raised interest rates for the first time in nearly a decade in its boldest move yet to guide its heated economy to a path of slower growth.
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China's central bank has pledged to strengthen efforts to effectively manage the amount of cash in the financial system, according to the summary of a meeting held earlier this week that was published on Wednesday.
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Zimbabwe's government announced a new law Saturday making it an offense to defy steep price cuts ordered in an effort to control runaway inflation and a growing economic crisis.
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China is committed to revamping its  foreign exchange regime and further relaxing its capital  account controls, central bank governor Zhou Xiaochuan said on  Saturday.
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The Chinese government orders some prices to be frozen as it battles to contain the country's inflation.
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China on Sunday took aim at price manipulators and hoarders of goods, as Beijing ramped up its campaign to rein in inflation which is running at its highest level in more than a decade.