China raises interest rates as Inflation fears spark

Dear PGM CAPITAL blog reader, on Wednesday, July 6th 2011, the Central of China,¬†announced that it will increase interest rates, for the third time this year, by 25 basis points. The new rates take effect on Thursday July 7th 2011. The rate paid on one-year deposits will rise to 3.5 percent and the rate for[…]