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| Wednesday, January 07, 2009 20:05:10 |
Markets ignore interest rate rise
Mainland stocks rose in the morning Monday despite the central bank raising interest rates for the fifth time this year Friday, the Shanghai Securities News reported. The central bank raised the benchmark one-year lending rate by 0.27% to a nine-year high of 7.29% in an effort to combat inflation, which is running at its highest rate for more than a decade. ...
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