Wednesday, October 20, 2010

Announcement NBC of increase since Wednesday of rates under credits and deposits

The national Bank of China (NBC) last night (for Asia) declared increase since Wednesday of rates under annual credits and deposits. It has followed after increase of norms of reservation for six big banks last week.

It has occurred after the prevention of the World Bank of risks of development of bubbles in Asia. Though it and different things, but for the financial markets such preventions from the international organizations serve to put political measures in wider context. Yuan easing to dollar provided that НБК aspires to concentrate on a basket of currencies which doesn't disclose is observed, it causes less surprise.

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