China Raises Rates Again
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Seeking to cool Chinaâs rapid growth rate, the Peopleâs Bank of China announced Friday that it will raise interest rates to 6.84 percent, the highest level in eight years.
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The central bank says China's economy should grow by 10.5 percent this year, state media reported Sunday, even stronger than the 10 percent predicted last week by the National Bureau of Statistics.
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China sought Friday to soothe concerns  over a surprise interest rate rise, its first in nearly a  decade and one which is expected to kick off a series of  increases to cool growth in the world's seventh-biggest  economy.
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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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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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The People&#39;s Bank of China, or China&#39;s central bank, announced Thursday to raise both lending and deposit interest rates 0.27 percentage point higher as from Oct. 29.
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The Federal Reserve raised short-term interest rates today for the fourth time this year and suggested that it would continue to raise them gradually over the next year.
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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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Federal Reserve officials raised a key short-term interest rate yesterday for the fifth time this year, and indicated they will gradually move rates higher next year to keep inflation under control as the economy expands.
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Chinese inflation ran at 5.3% for the second consecutive month in August, despite  efforts to rein in the booming economy, figures show.
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MUMBAI: The Reserve Bank of India Tuesday raised its key repurchase agreement rate a quarter percentage point to 4.75 percent, its first such hike in more than four years, to check inflation that has hovered at multiyear highs in recent months.
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Surging food prices boosted China&#39;s  annual consumer price inflation in May to a 27-month high,  extending a rising trend and reinforcing expectations that  interest rates will rise further.
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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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Chinaâs currency rose steeply against the dollar this week, feeding speculation that Chinese authorities were allowing their currency to appreciate more rapidly.
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Federal Reserve policy-makers boosted interest rates for a third time this year, and economists believe there probably will be another increase before the year is over depending on how the economic expansion unfolds.
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CHINA has raised its interest rates for the first time in nine years to curb inflation and stop its fast-growing economy overheating.
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China&#39;s central bank raised official borrowing costs for the first time in nine years Thursday night, a step aimed at slowing breakneck economic growth and inflation