{"id":14652,"date":"2007-09-15T05:21:30","date_gmt":"2007-09-15T12:21:30","guid":{"rendered":"http:\/\/chinadigitaltimes.net\/2007\/09\/15\/chinas-rate-increase-targets-food-prices-jamil-anderlini\/"},"modified":"2007-09-15T05:21:30","modified_gmt":"2007-09-15T12:21:30","slug":"chinas-rate-increase-targets-food-prices-jamil-anderlini","status":"publish","type":"post","link":"https:\/\/chinadigitaltimes.net\/2007\/09\/chinas-rate-increase-targets-food-prices-jamil-anderlini\/","title":{"rendered":"China’s Rate Increase Targets Food Prices – Jamil Anderlini"},"content":{"rendered":"

From Financial Times:<\/p>\n

China’s central bank raised<\/a> interest rates for the second time in less than a month on Friday in an attempt to rein in soaring food prices, excessive bank lending and bubbles in the property and stock markets.<\/p>\n

The People’s Bank of China<\/a> lifted the one-year benchmark deposit rate by 27 basis points to 3.87 per cent and the one-year lending rate by the same amount to 7.29 per cent, effective immediately.<\/p>\n

The PBOC has now lifted rates five times this year as it strives to contain headline inflation that reached 6.5 per cent in August, the fastest increase in more than a decade. [Full Text]<\/a><\/p><\/blockquote>\n","protected":false},"excerpt":{"rendered":"

From Financial Times: China’s central bank raised interest rates for the second time in less than a month on Friday in an attempt to rein in soaring food prices, excessive bank lending and bubbles in the property and stock markets. The People’s Bank of China lifted the one-year benchmark deposit rate by 27 basis points […]<\/p>\n","protected":false},"author":32,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":"","_links_to":"","_links_to_target":""},"categories":[2],"tags":[3375,1070,3280],"class_list":["post-14652","post","type-post","status-publish","format-standard","hentry","category-economy","tag-financial-policies","tag-interest-rates","tag-pboc","et-doesnt-have-format-content","et_post_format-et-post-format-standard"],"yoast_head":"\nChina's Rate Increase Targets Food Prices - Jamil Anderlini<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"http:\/\/chinadigitaltimes.net\/2007\/09\/chinas-rate-increase-targets-food-prices-jamil-anderlini\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"China's Rate Increase Targets Food Prices - Jamil Anderlini\" \/>\n<meta property=\"og:description\" content=\"From Financial Times: China’s central bank raised interest rates for the second time in less than a month on Friday in an attempt to rein in soaring food prices, excessive bank lending and bubbles in the property and stock markets. 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