China's first interest-rate hike since 1995

 

A pork vender waits for customers at a Shanghai Wet market on Nov. 17. Local Pork prices have increased about 13 percent from a year ago. China's central bank recently raised its benchmark interest rates for the first time in nine years. The rise comes as the government struggles to curb investment that has pushed economic growth to more than 9 percent a year and inflation to a seven-year high.
Latest Report
High credit demand calls for further rate increase (12/11 13:48)
The latest US interest-rate hike might be a relief for Chinese monetary authorities who are highly cautious of lingering speculation on revaluation of the renminbi. But a critical matter the move actually spotlighted was the pace of China's interest-rate increase.

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Official Statement
 
  • Central bank: steady monetary policies to continue  (17/11 13:31)
  • Property moves may tighten (12/11 15:30)
  • China starts to regulate economy more by financial means (10/11 13:55)
  • Overseas investment encouraged with low-interest loans (4/11 14:09)
  • Illegal forex exchanges raided (3/11 11:48)
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    Reaction
  • Rate hike fails to cool off real estate market (10/11 17:18)
  • Profit taking dampens market (5/11 11:58)
  • Property bubble debate lingers (5/11 11:57)
  • Rate growth impact on auto market not notable (4/11 14:03)
  • China copper demand to remain very strong (3/11 14:12)
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    Comment
  • Fewer property speculators next year (17/11 17:02)
  • Calls made to change interest income tax (15/11 13:35)
  • High credit demand calls for further rate increase (12/11 13:48)
  • Second interest rate rise possible (10/11 13:43)
  • Rate hike a double-edged sword for insurers (6/11 14:10)
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    Previous Sessions
  • China raises interest rate for USD deposits (18/11 07:52)
  • Summary Table: Deposit & Lending Rates (30/10 11:27)
  • Interest rates will rise today (29/10 11:35)
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    Background
  • US rates on Treasury bills up to highest level in three years (16/11 13:41)
  • World Bank: Soft-landing in economy likely (15/11 13:56)
  • US Fed saw need for further rate increases 2 months ago (13/11 13:42)
  • Fed ups rate for 4th time (12/11 15:31)
  • Trade surplus climbs amid slowing economy (12/11 13:45)
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