Tuesday, February 07, 2017

Raising Interest Rates A Trend Likely Seen Elsewhere

China signals neutral monetary policy with rate hikes

BEIJING - On the first working day of the Year of the Rooster, China's central bank surprised financial markets by raising lending rates to banks, widely interpreted as a shift towards neutral monetary policy as economic fundamentals improve. The People's Bank of China (PBOC) announced Friday, a 10 basis point rise in the interest rate of…