China&#39;s interest rate hike necessary, but not sufficient
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An economist with Asian Development Bank said Friday that China&#39;s decision to raise interest rates is necessary, but not enough to curb inflation.
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BEIJING: China sought yesterday to soothe concerns over a surprise interest rate rise, its first in nearly a decade and one which is expected to start a series of increases to cool growth in the world&#39;s seventh-biggest economy.
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China&#39;s annual inflation rate dropped sharply in November, providing further evidence that steps to cool the economy are working and reducing the chances in the near term of a fresh rise in interest rates.
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Federal Reserve policy-makers suggested that &quot;significant&quot; increases in short-term interest rates probably would be needed to keep inflation from becoming a problem, according
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Growth in China&#39;s economy is expected to expand at a rapid rate in 2007, with inflation ticking higher to 3.2 percent, state media reported Friday, citing the central bank.
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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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Australia&#39;s central bank says there is no pressing need for higher interest rates just now, although it still expects to tighten policy again at some stage in the current expansion amid &quot;favorable&quot; economic circumstances.
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Greater flexibility in China&#39;s exchange rate is in the nation&#39;s best interest to help the central bank better manage the effects of inflation and should be pursued ``without undue delay
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China on Thursday announced it will raise interest rates for one-year loans by 0.27 percentage points to 5.58%, the first increase in more than nine years.
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Beijing, Oct. 28 (PTI): China today raised its interest rates for the first time in nine years to consolidate macro economic adjustment and ensure healthy growth of the economy, the apex bank said here.
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China&#39;s domestic demand remains strong but underlying inflationary pressures are limited. This reduces the possibility of further drastic macroeconomic measures to cool down the
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SYDNEY (Dow Jones)--Chinese copper demand will remain strong for the foreseeable future despite the central bank&#39;s decision to raise interest rates for the first time in close to a decade, leading producers in the Asia Pacific region said Friday.
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Don't panic over rising interest rates.
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China's economy picks up pace, stoking fears it may be overheating and driving the rate of inflation.
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China&#39;s top Communist party leaders have called for stability in the country&#39;s monetary and fiscal policies and continued efforts to rein in growth in fixed-asset investment, in a
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A soft landing for China&#39;s booming economy is not yet a sure thing, the International Monetary Fund said on Wednesday, despite a raft of measures by Beijing to slow investment in overheated sectors.
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China's central bank on Thursday raised interest rates for the first time in nearly a decade in a surprise move that was the boldest so far aimed at guiding a heated economy onto a path of slower growth.