China's central bank raises interest rate by 25 basis points

BEIJING, July 6 (Xinhua) -- The People's Bank of China (PBOC), the central bank, announced on Wednesday that it will raise bank's benchmark one-year borrowing and lending rates by 25 basis points on Thursday. 
 

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China increases interest rates again

Interest rate hikes in 2011

 1st time of the year:  The People's Bank of China (PBOC), the central bank, announced Tuesday it would raise benchmark one-year borrowing and lending rates by 25 basis points beginning on Feb. 9, 2011.

 2nd time of the year: The People's Bank of China, the central bank, announced Tuesday it would raise the benchmark one-year borrowing and lending interest rates by 25 basis points beginning on April 6, 2011.

Inflation-control measures

Premier Wen Jiabao says stabilizing prices remains the priority

BEIJING, July 6 (Xinhuanet) -- Chinese Premier Wen Jiabao says stabilizing prices remains the priority for the Chinese government, highlighting concerns that inflation has not yet been sufficiently contained. Full story

Chinese premier says price rises to be firmly under control this year

LONDON, June 24 (Xinhua) -- "There is concern as to whether China can rein in inflation and sustain its rapid development. My answer is an emphatic 'yes,'" Wen wrote in a commentary published Friday in the Financial Times. Full story

China's inflation expected to stabilize in 2H: CCBIS

HONG KONG, July 6 (Xinhua) -- After peaking in June at around 6. 2 percent, China's inflation is likely to stabilize in the second half of 2011, said China Construction Bank International Securities Ltd. (CCBIS), a professional brokerage, here on Wednesday. Full story

China's inflation rate to accelerate in June: economic planner

BEIJING, June 22 (Xinhua) -- China's top economic planner said Wednesday that the country's inflation rate will accelerate in June despite the government's efforts to stem price increases. Full story

China steps up subsidy help for the needy amid inflation woes

BEIJING, June 25 (Xinhua) -- More than half of all Chinese provincial-level regions have established a mechanism to offer subsidies to the needy as high inflation pushes up their daily living costs. Full story

China hikes bank reserve ratio for 6th time this year

BEIJING, June 14 (Xinhua) -- China's central bank Tuesday said it would raise the banks' reserve requirement ratio (RRR) by 50 basis points for sixth time this year, a move aimed to withdraw liquidity out of the market as inflation remains stubbornly high. Full story

Monetary policy

China to continue prudent monetary policy amid high inflationary pressures: central bank

BEIJING, July 4 (Xinhua) -- The People's Bank of China (PBOC), or the central bank, said Monday it would continue to implement a prudent monetary policy as inflationary pressures still remained high.  Full story

Market reaction

China stocks open higher Thursday despite rate hike

BEIJING, July 7 (Xinhua) -- China's stocks opened slightly higher on Thursday despite the central bank's announcement of the third interest rate hike this year. Full story

U.S. stocks pressured by Portugal downgrade, China's rate hike

NEW YORK, July 6 (Xinhua) -- U.S. stocks opened slightly lower on Wednesday as concerns over European debt problems and China's tightening weighed on the market. Full story

Oil retreats on European debt woes, China's interest hike

NEW YORK, July 6 (Xinhua) -- U.S. crude oil price retreated on Wednesday as European debt problems weighed on the markets and China's third interest rate hike this year caused demand concerns. Full story

 

 China's economic figures in May

 CPI

 PPI

 

Industrial value-added output

 Retail sales of consumer goods

Fixed asset investment 

China's economic figures in Q1 2011

China's economic figures in April, 2011

China's economic figures in Feb. 2011 

China's economic figures in Jan. 2011

Timeline of China's monetary moves in 2011

July 7

One-year deposit and lending rates were raised by 0.25 of a percentage point. <<Full story

June 20

The People's Bank of China (PBOC), China's central bank raised the banks' reserve requirement ratio (RRR) by 50 basis points, effective on June 20, for sixth time this year. <<Full story

May 18

The People's Bank of China (PBOC), China's central bank raised the reserve requirement ratio (RRR) of the country's lenders by 50 basis points from May 18, the fifth such rise this year. <<Full story

April 21

China's central bank raised the required reserve ratio of the country's lenders by 50 basis points for the fourth time this year, effective April 21. Full story

April 6

One-year deposit and lending rates were raised by 0.25 of a percentage point. <<Full story

March 25

The People's Bank of China (PBOC), China's central bank raised the bank reserve requirement ratio by 50 basis points from March 25, the third such rise this year<< Full story

February 24

The People's Bank of China (PBOC), the central bank increased the bank reserve requirement ratio of 50 basis points beginning Feb. 24, the second hike this year. << Full story

February 9

One-year deposit and lending rates were raised by 0.25 of a percentage point. Full story

January 20

The People's Bank of China (PBOC), or the central bank, increased the bank reserve requirement ratio by 50 basis points as of Jan. 20. Full story

Comments

Soft landing more likely in China: economists

NEW YORK, June 28 (Xinhua) -- Although the Chinese economy is slowing down, "soft landing is more likely," said economists from Bank of America Merrill Lynch on Tuesday. Full story

China's consumer price level to fall in H2: economist

BEIJING, June 25 (Xinhua) -- China's inflation is controllable and its consumer price growth is expected to drop in the second half of the year, a domestic economist said Saturday. Full story

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 Editor: Lu Hui