first_img by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastNoteabley25 Funny Notes Written By StrangersNoteableySerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesBetterBe20 Stunning Female AthletesBetterBePeople TodayNewborn’s Strange Behavior Troubles Mom, 40 Years Later She Finds The Reason Behind ItPeople TodayMagellan TimesThis Is Why The Roy Rogers Museum Has Been Closed For GoodMagellan TimesElite HeraldExperts Discover Girl Born From Two Different SpeciesElite Herald Tags: NULL Read This NextRicky Schroder Calls Foo Fighters’ Dave Grohl ‘Ignorant Punk’ forThe WrapCNN’s Brian Stelter Draws Criticism for Asking Jen Psaki: ‘What Does theThe WrapDid Donald Trump Wear His Pants Backwards? Kriss Kross Memes Have AlreadyThe WrapPink Floyd’s Roger Waters Denies Zuckerberg’s Request to Use Song in Ad:The WrapHarvey Weinstein to Be Extradited to California to Face Sexual AssaultThe Wrap’Sex and the City’ Sequel Series at HBO Max Adds 4 More ReturningThe Wrap’Black Widow’ First Reactions: ‘This Is Like the MCU’s Bond Movie’The Wrap’The View’: Meghan McCain Calls VP Kamala Harris a ‘Moron’ for BorderThe WrapNewsmax Rejected Matt Gaetz When Congressman ‘Reached Out’ for a JobThe Wrap CHINA may increase interest rates, after state media yesterday confirmed that more “prudent” monetary controls would replace the previous “appropriately loose” policy.“Strategic economic restructuring will be accelerated and stabilising price levels will be given a more prominent position,” state media reported at the end of yesterday’s Central Economic Work Conference in Beijing.Consumer prices rose by 5.1 per cent in November compared to the previous year, the sharpest rise since July 2008. And earlier this month the government was forced to admit that they may revise up their target rate to four per cent, from the current three per cent target.Last week the People’s Bank of China (PBoC) increased the reserve requirement ratio (RRR) for banks for the sixth time this year, and the third time in the last five weeks.The hike further increases the amount of funds that lenders must keep in reserve, impounding around RMB350bn (£33.3bn) at the central bank, according to analysts at Barclays Capital Research. The anlaysts forecast three policy rate hikes of 0.25 per cent each between now and mid 2011.From 20 December, the RRR for large banks will increase to a record 18.5 per cent, with smaller banks required to deposit 16.5 per cent.FAST FACTS | CHINESE INFLATION● November’s inflation of 5.1 per cent is up from 4 .4 per cent in October.● In November food inflation hit 11.7 per cent.● Non food inflation increased from 1.6 per cent in October to 1.9 per cent. China hints at rates increase whatsapp Show Comments ▼center_img KCS-content Sunday 12 December 2010 10:19 pm Share whatsapplast_img