China Raises Key Interest Rates to Counter Inflation

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Feb. 8 (Bloomberg) -- China raised key interest rates for the third time since mid-October after growth accelerated and inflation stayed above 4 percent for a third month. The benchmark one-year lending rate will increase to 6.06 percent from 5.81 percent, effective tomorrow, the People’s Bank of China said on its website today. Bloomberg's Margaret Conley reports. (Source: Bloomberg)

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