China raises interest rates, 5th time in 15 months
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China raised interest rates on Friday in the latest of a series of tightening steps aimed at keeping inflation in check and preventing the world's fourth-largest economy from overheating.
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Federal Reserve officials are set to  jack up interest rates on Tuesday for a fifth time this year,  confident the U.S. expansion is self-supporting and no longer  in need of rock-bottom borrowing costs for a boost.
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BEIJING -- The central bank says China's economy should grow by 10.5 percent this year, state media reported yesterday, even stronger than the 10 percent predicted last week by the National Bureau of Statistics.
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The US Federal Reserve raises rates for the fifth time this year, taking them a quarter percentage point higher to 2.25%.
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China could take action on Friday to  cool its red-hot economy by raising interest rates or scrapping  a withholding tax on interest income, analysts said on Friday.
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The Federal Reserve raised U.S.  interest rates on Tuesday by a quarter-percentage point for the  fifth time this year and said it will keep gradually lifting  them from rock-bottom levels as the economy grows.
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As Fed seems poised to cut rates, Beijing raises them.
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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&#39;s seventh-biggest economy.
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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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The Reserve Bank has raised the Official Cash Rate by a further 25 basis points, to 6.5 percent. It&#39;s the sixth rate rise this year, and matches market anticipations.
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The Federal Reserve yesterday raised its key interest rate for the fifth time since June, signaling that it expects the economy to grow moderately and interest rates to rise gradually in the new year.
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China could take action on Friday to cool its red-hot economy by raising interest rates or scrapping a withholding tax on interest income, analysts said on Friday.
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China&#39;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
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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.
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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 raised interest rates on Friday  in the latest of a series of tightening steps aimed at keeping  inflation in check and preventing the world&#39;s fourth-largest  economy from overheating.
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The American central bank, the Federal Reserve, Tuesday raised short-term interest rates for the fifth time in six months. Even with the quarter point increase short-term rates are a still-very-low 2.25 percent.