China to boost interest rates -

China to boost interest rates

Move expected to dampen inflation


Authorities in Beijing have announced they will tighten access to credit in what the government is describing as a “prudent monetary policy” aimed at tackling inflation in the country. China’s inflation spiked at 4.4 per cent this past October—well above the target rate of 3 per cent. The spike in inflation was largely driven by a 10.1 percent jump in food costs and analysts say November inflation might rise still higher. The central bank said in its latest quarterly report it would “gradually return policy to a normal position,” indicating interest rates would rise.

Washington Post

Filed under:

China to boost interest rates

  1. Move along, nothing to see here.
    Surely this would never have an affect on the trillions of dollars borrowed by Western governments to support their welfare states?