HONG KONG - China on Tuesday Staged ITS Third Interest Rate Increase since October, the latest sign of Authorities' Efforts intensifying Thurs temper the blistering pace of economic growth and Prevent Already worrisome inflation levels from escalating further.
The central bank raised the ITS in Beijing benchmark one-year deposit rates by a quarter of a Percentage Point to 3 Percent, ITS and one-year lending rate by a Similar AMOUNT, Thurs 6.6 Percent, the People's Bank of China said.
Many analysts had occurred EE The Central Bank to raise interest rates around the Lunar New Year holiday and Many expect still more Increased and Other growth-dampening Measures DURING the course of 2011. Markets re-open in Mainland China on Wednesday after the week-long holiday.
Buoyed by ample lending and massive state investment projects now, the Chinese
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