Interest Rate Hike

China raises deposit reserve requirement by 0.5%

The central bank decided to raise the deposit reserve requirement ratio of commercial banks to a record high of 15.5%.

Wen says fully confident in controlling inflation

Chinese Premier Wen Jiabao said Tuesday that the government is fully confident in controlling inflation this year, although it will not be an easy job.

Wen: China to adopt monetary policies properly

Chinese Premier Wen Jiabao said on Tuesday that how to properly adopt various monetary policies is a great test to China.

From Top Officials

Central Bank: CPI is major concern in interest hike

The consumer price index (CPI), and not asset prices, is the major factor in decisions regarding raising interest rates, suggested Zhou Xiaochuan, chief of the People's Bank of China.

Central bank warns of inflation risks in latest monetary report

China's central bank admitted on Wednesday that the country is coming under increasing pressure from price hikes, and acknowledged inflation risks are "worthy of attention".

Inflation worries PBOC

The central bank is concerned about inflationary pressure and is ready to make use of a range of monetary policy tools to curb prices rises, a senior official said yesterday.