China raises interest rates to control stubbornly high inflation
The People’s Bank of China has again raised interest rates in a bid to curb high inflation. The central bank first lifted rates last October – the first such move since 2007. Today’s rise represents the third in four months and the Bank has increased the one-year yuan lending rate from 5.81% to 6.06%, and [...]
China raises interest rates to control stubbornly high inflation
