China's Central Bank Raises Interest Rates
Effective tomorrow, the People's Bank of China will raise its benchmark one-year deposit and lending rates by 25 basis points to 3.5% and 6.56%, respectively. This is the third interest rate increase this year and the fifth since 2010.
Source
People's Bank of China
http://www.pbc.gov.cn/publish/goutongjiaoliu/524/2011/20110706183212152848729/20110706183212152848729_.html
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Effective tomorrow, the People's Bank of China will raise its benchmark one-year deposit and lending rates by 25 basis points to 3.5% and 6.56%, respectively. This is the third interest rate increase this year and the fifth since 2010.
Source
People\'s Bank of China
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