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China Hikes for Sixth Time This Year; BoJ Holds

Aggregated Source: China Stocks News and Analysis from Seeking Alpha
December 20, 2007|

The People's Bank of China raised rates for a sixth time this calendar year to a nine-year high. Effective Friday, the benchmark lending rate will rise 0.18% to 7.47%, while the deposit rate will increase 0.27% to 4.14%. The PBoC is struggling to manage record-high inflation and prevent further speculation in real estate and equities.

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