Posts Tagged ‘China Benchmark Interest Rate’

Chinese Central Bank Surprisingly Raised 1-Year Benchmark Interest Rate To 6.06%

POBC raised key one-year lending rate for 0.25% to 6.06%. Timing of the announcement came as a surprise to the markets, as the rise was expected further into the first quarter.

To repeat: Raising interest rates and stalling real-estate prices are a bad cocktail. I will cover China even more extensively next year, as big things could come from here.

Chinese Central Bank Raised Benchmark Interest Rate

POBC raised key one-year lending rate for 0.25% to 5.81%. This was widely expected; I have wrote on this earlier and almost certain there is more of this to come.

Raising interest rates and stalling real-estate prices are a bad cocktail. I will cover China even more extensively next year, as big things could come from here.

 

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