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ReturnChina: Interest rate up to check lending rise
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PublishDate：
2007-03-19 16:03:00
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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.
Source: Xinhua News
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.
Source: Xinhua News
