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PBOC in surprise 0.27pc rate rise, THE STANDARD.
Publication: Finance Wire Publication Date: 29-OCT-04 |
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COPYRIGHT 2004 FDCH e-media
Original Source: Emerging Markets Datafile
URL: http://www.thestandard.com/
In a surprise move, China's central bank raised benchmark interest rates for the first time in nine years in a bid to cool the world's fastest-growing major economy.
``Recently, central bank officials had reiterated that there was no need to raise interest rates,'' said director of Phillip Securities (HK) Louis Wong....
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