China raises benchmark interest rates_财经新闻

China raises benchmark interest rates

文章来源：文章作者：发布时间：2007-03-19 07:32 字体： [大中小]　进入论坛

(单词翻译:双击或拖选)

Mar¹.17 - China's central bank announced on Saturday that the one-year benchmark interest rates are raised by 0.27 percentage points as of March 18.

The one-year rate for deposits is increased to 2.79 percent and that for loans to 6.39 percent, according to the People's Bank of China (PBOC), the central bank.

The central bank raised the rates for both deposits and loans by the same margin² in August last year.

China's economy surged by 10.7 percent last year, the fourth consecutive³ year of double-digit growth, driven by hefty investment and rocketing foreign trade. Both of them registered a 24 percent year-on-year growth last year.

The central bank raised commercial banks' deposit reserve ratio in late February by 0.5 percentage points to rein⁴ in excessive bank lending.

Raising the interest rates will help rationalize the growth of investment and lending, maintain price stability and promote healthy and fast development of the economy, the bank said in a statement on its website

点击

收听单词发音

1 mar
vt.破坏，毁坏，弄糟
参考例句：
It was not the custom for elderly people to mar the picnics with their presence.大人们照例不参加这样的野餐以免扫兴。 Such a marriage might mar your career.这样的婚姻说不定会毁了你的一生。

2 margin
n.页边空白；差额；余地，余裕；边，边缘
参考例句：
We allowed a margin of 20 minutes in catching the train.我们有20分钟的余地赶火车。 The village is situated at the margin of a forest.村子位于森林的边缘。

3 consecutive
adj.连续的，联贯的，始终一贯的
参考例句：
It has rained for four consecutive days.已连续下了四天雨。 The policy of our Party is consecutive.我党的政策始终如一。

4 rein
n.疆绳，统治，支配；vt.以僵绳控制，统治
参考例句：
The horse answered to the slightest pull on the rein.只要缰绳轻轻一拉,马就作出反应。 He never drew rein for a moment till he reached the river.他一刻不停地一直跑到河边。

上一篇：90% foreign companies plan to increase investment in Guangdo 下一篇：Zinc to be tested as in futures exchange