China raises lending rate for first time in nearly a decade
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China has decided to raise its benchmark one-year lending rate to 5.58 percent from 5.31 percent with effect, the first such move in nearly a decade, the central bank said on its website.
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China Merchants Bank  , the country's biggest non-state lender, posted a more than 50 percent rise in its 2006 net profit, according to a copy of a speech by its chief executive Ma Weihua.
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The increase fed speculation that China was yielding to international pressure and the state of its economy.
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China's annual economic growth surged to an 11-Â½ year high of 11.9 percent in the second quarter, cementing expectations for tighter policy to keep the world's fastest-growing major economy from overheating.
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Business & money: Average interest rates on personal loans have jumped to almost double the advertised rate
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China's central bank raised interest rates Thursday for the first time in nearly a decade, signaling a deep unease with the breakneck pace of development and an intent to curb fears of runaway inflation.
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Hong Kong&#39;s de facto central bank on Thursday raised its key rate by a quarter of a percentage point to 3.50 percent, matching the latest rate hike by the US Federal Reserve.
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China's economy should expand by 10.5 percent this year as an investment boom surges ahead despite tightening government controls, the country's top planner said in comments reported Monday by state media.
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The People&#39;s Bank of China, China&#39;s central bank, announced yesterday that it would raise both lending and deposit interest rates 0.27 percentage point as of today.
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The Bank of Korea raised its benchmark interest rate for the first time in nearly a year amid fears that bank lending to smaller businesses, stronger economic growth and higher oil prices could stoke inflation. The central bank said it had raised its overnight call rate target for loans to commercial banks to 4.75 percent from 4.5 percent. It was the first increase since one of similar size in August.
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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 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&#39;s central bank jolted global financial markets by raising its benchmark interest rates for the first time in nine years to cool the world&#39;s fastest-growing major economy.
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China increases its interest rates for the first time since 1995, a move widely seen as a further attempt to prevent its economy from over-heating.
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China has revised upward its gross domestic product (GDP) growth to 9.69 per cent during the first half of this year due to higher growth in service industries, the state media reported on Monday.
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BEIJING, OCTOBER 22: China&#39;s economy expanded by 9.1 per cent in the third quarter compared with a year earlier, marking the third consecutive quarter of slower growth as Beijing reins in investment and lending.
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The interest rate at which UK banks lend money to each other reaches its highest level since 1998 as the credit crunch continues.