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China May Pause on Rates as Wen Bets Prices ‘Controllable’

China may limit interest-rate increases for the rest of this year as Premier Wen Jiabao bets that a slowing economy will help tame inflation after five moves since mid-October.

A quarter-point boost to one-year lending and deposit rates was announced late yesterday, effective from today. That may be the last for 2011, according to JPMorgan Chase & Co., HSBC Holdings Plc and Bank of America Merrill Lynch. Nomura Holdings Inc. predicts one more move, this quarter.