--FILE--Local des résidents chinois devant l'administration centrale et le siège social de la Banque de Chine (PBOC), Banque centrale chinoise, à Pékin, Chine
--FILE--Local Chinese residents walk past the headquarters and head office of the Peoples Bank of China (PBOC), Chinas central bank, in Beijing, China, 22 January 2011. Chinas central bank PBOC (Peoples Bank of China) announced Tuesday (8 February 2011) it would raise benchmark one-year borrowing and lending rates by 25 basis points beginning Wednesday. The rate hikes come amid increasing pressure on the Chinese government to control inflation. After the hikes, the benchmark one-year deposit interest rate will climb to 3 percent, while the one-year loan interest rate will reach 6.06 percent. This is the first rise in Chinas one-year benchmark interest rates this year and signals a renewed effort to cool prices and tighten liquidity. Analysts said the timing of the hike, immediately after the Lunar New Year holiday, would send a strong signal to the market that the PBOC was paying more attention to inflation.
