China has raised interest rates for the first time since 2007 in a bid to stifle inflation and dampen down its overheating property market.
The country's central bank, the People's Bank of China, intends to raise its one-year deposit rate from 2.25% to 2.5%, and its one-year lending rate from 5.31% to 5.6%, with effect from tomorrow. This...
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26 November 2021
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5 min read
