Brazil once again cut down interest rates to stimulate the economy
October 19 Central Bank of Brazil announced that it will cut down the benchmark interest rate by 0.5 percentage points to 11.5 %. This is the second time that Brazil cut down the interest rate since the end of August .
PBOC Interest Rate Hike: Central bank to raise interest rates by 0.25 percentage
July 6 People’s Bank of China announced China will raise raised the benchmark deposit and lending rates of financial institutions from July 7. The one-year benchmark deposit and lending rates will be increased by 0.25 percentage points , other deposit and lending rates and personal housing accumulation fund loan interest rates are adjusted accordingly.
Xinhua News Agency : China’s central bank may raise interest rates again during the Dragon Boat Festival holiday in June
According to Xinhua News Agency: China’s central bank may again increase interest rates in the Dragon Boat Festival holidays. Moreover, National Bureau of Statistics will release the major economic data next week.
At present, China is faced with drought and power shortage, according to the Economic Information Daily reports, in May China’s consumer price index (CPI) may exceed 5.4%, which create the new high record.
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