China Will Raise Lending, Deposit Rates This Year, Economist Survey Shows

(Bloomberg) -- China may raise lending and deposit
rates at least once more this year to cool investment and curb
asset bubbles, a survey showed.

Benchmark one-year borrowing costs will rise from 6.57
percent and deposit rates from 3.06 percent, according to 21 of
25 economists surveyed by Bloomberg News. The central bank may
order lenders to set aside more money as reserves at least two
more times, 16 economists said.


Read more at Bloomberg Emerging Markets News