China's central bank raised interest rates to fight inflation. Benchmark Deposit Rate stands at 3% and lending rate at 6.06%
Wednesday, February 9, 2011
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The benchmark interest rate in China was last reported at 6.56 percent. In China, interest rates decisions are taken by The Peoples' Bank of China Monetary Policy Committee. The PBC administers two different benchmark interest rates: one year lending and one year deposit rate.
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The benchmark interest rate in China was last reported at 6.56 percent. In China, interest rates decisions are taken by The Peoples' Bank of China Monetary Policy Committee.
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