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mosaic1996

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China raised interest rates for the second time since mid-October to counter the fastest inflation in more than two years and more moves may follow.

 

The benchmark one-year lending rate will rise by 25 basis points to 5.81 percent and the one-year deposit rate will climb by the same amount to 2.75 percent, effective today, the PeopleÃÆâ€â„¢ÃƒÆ’ƒâہ¡ÃƒÆ’‚¢ÃƒÆ’¢Ã¢Ã¢Ã¢Ã¢â€š¬Ã…¡Ãƒâ€šÃ‚¬ÃƒÆ’…¡Ãƒâہ¡ÃƒÆ’‚¬ÃƒÆ’¢Ã¢Ã¢Ã¢Ã¢â€š¬Ã…¡Ãƒâ€šÃ‚¬ÃƒÆ’…¾Ãƒâہ¡ÃƒÆ’‚¢s Bank of China said in a one-sentence statement on its website late yesterday.

 

http://www.bloomberg.com/news/2010-12-25/c...-inflation.htm

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Above dated 26th Dec---will this catch our market wrong footed when we reopen for business on Wednesday?

 

 

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