BEIJING, March 19 -- The central bank Sunday raised the
interest rate for the third time in less than a year to check surging loan
growth.
The rise, announced on Saturday, led to 27-basis-point
increase in both one-year deposit and lending rates. The benchmark one-year
deposit rate now stands at 2.79 percent and the one-year lending rate at 6.39
percent.
BEIJING, March 19 -- Higher loan and savings
interest rates went into effect Sunday as China moved to curb its booming credit
and keep consumer prices stable.
The one-year loan rate rose from 6.12 percent to 6.39
percent, and the one-year deposit rate climbed from 2.52 percent to 2.79
percent, China's central bank said on Saturday.
BEIJING, March 19 -- Shanghai shares will likely edge lower early this week
after China's central bank raised interest rates Sunday, adding jitters about
higher borrowing costs.
But analysts said the key equity index may again test the
psychologically-important 3,000-point level, with the market hinging on the
performances of blue chips.
BEIJING, March 17 (Xinhua) -- China's central bank
announced on Saturday that the one-year benchmark interest rates are raised by
0.27 percentage points as of March 18.
The one-year rate for deposits is increased to 2.79
percent and that for loans to 6.39 percent, according to the People's Bank of
China, or the central bank.
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