Con­sumer price growth is fore­cast to fall in H1

Shanghai Daily - - SPORT -

state­ment was posted on the cen­tral bank’s Web­site yes­ter­day af­ter a quar­terly mone­tary pol­icy meet­ing.

The cen­tral bank from yes­ter­day raised in­ter­est rates to a nine-year high to cool in­fla­tion and curb prop­erty and stock bub­bles. China has raised the pro­por­tion of de­posits that lenders must set aside as re­serves by the most in four years.

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