Wednesday, October 20, 2010
PBOC decision to raise interest rates might have a negative impact on the Chinese government objectives rather than serving it
PBOC decision to raise interest rates might have a negative impact on the Chinese government objectives rather than serving itIn surprising procedure, the central bank of China decided to raise interest rates for the first time since the crisis began in 2007, to prepare for this action the bank has to adopt a tightening monetary policy after inflation rates have increased to an uncomfortable
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