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China set for interest rate rise

economy

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China is set to raise its interest rates within the next few days, with authorities there determined to curb inflation. It would be just the second rate rise since 2007, the last one being in October. Economists have been expecting a rise since Beijing announced last week a new “prudent” monetary policy. Chinese inflation was expected to accelerate to 4.7 percent in November, compared to 4.4 the previous month.

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