07-06-2011 • Reuters
China
raised interest rates for the third time this year on Wednesday, making
clear that taming inflation remains a top priority even as the growth
pace of its vast economy gently eases.
The 25-basis-point increase in lending and deposit rates underscored China's quiet confidence that the world's second-biggest economy is resilient enough to endure tighter monetary policy and is not threatened by the hard landing that some investors fear.
Read Full Story
The 25-basis-point increase in lending and deposit rates underscored China's quiet confidence that the world's second-biggest economy is resilient enough to endure tighter monetary policy and is not threatened by the hard landing that some investors fear.
No comments:
Post a Comment