China's Central Bank Hikes Interest Rate
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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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The U.S. Federal Reserve on  Wednesday raised interest rates for a sixth straight time,  extending a policy of gradually lifting borrowing costs to  levels high enough to ward off inflation pressures.
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Chinese consumer inflation rose in  February on the back of higher food costs, but economists said  they did not expect price pressures to get out of hand despite  breakneck growth and plentiful cash in the banking system.
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China raises interest rates in a move to dampen inflation and stop the economy overheating.
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The Federal Reserve yesterday raised its key interest rate to the highest level in three years, suggesting more increases will follow as the economy gains strength.
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The US central bank raised a key interest rate one-quarter of a percent (to 2.25) Tuesday in a bid to fend off future inflation. It is the fifth time since June that Federal Reserve officials have
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China on Thursday announced it would hike interest rates for most deposits and loans by 0.27 percentage points, the first rise in nine years.
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China's economy is set to grow at a faster-than-expected rate of 10.4% this year, the Asian Development Bank says.
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BEIJING, Aug. 19 (Xinhuanet) -- Bank of England policy-makers voted unanimously to raise the interest rates by a quarter point this month, as economic growth outstripped supply capacity, according to the minutes of the Monetary Policy Committee (MPC) ...
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China&#39;s central bank raised interest rates for the second time in less than a month on Friday in an attempt to rein in soaring food prices, excessive bank lending and bubbles in the property and stock markets.
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India's central bank raised two short-term interest rates Tuesday by a quarter percentage point each, but left a key rate unchanged in a bid sustain the growing economy's momentum.
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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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Interest rate hikes won't slow China's overheating GDP. Expect new controls on investment and credit.
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China's central bank on Thursday raised interest rates for the first time in nearly a decade, signaling deepening unease with the breakneck pace of development and an intent to reign in a construction boom now sowing fears of runaway inflation.
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America&#39;s central bank, the Federal Reserve, last night raised interest rates for the fourth time in six months and warned US consumers and businesses to expect further increases in the cost of borrowing over the coming months.
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South Korea's central bank raises interest rates to a six-year high of 4.75% in an effort to tackle inflation.
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Chinese inflation rose in February on  the back of higher food costs, but economists said they did not  expect price pressures to get out of hand despite breakneck  growth and plentiful cash in the banking system.