China's central bank raises interest rates

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China's central bank raises interest rates (by Chris Oliver)

HONG KONG (MarketWatch) -- China's central bank on Tuesday lifted its base lending and deposit rates by a quarter point on Tuesday, according to media reports. The one-year deposit rate will rise by a 0.25-percentage point to 3.25%, while the one-year lending rate will rise 0.25-percentage point to 6.31%, with both hikes to take effect from April 6.

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China's central bank raises interest rates

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