China raised its
one-year lending rate a quarter point to 6.06% last night as part of its
ongoing campaign to fight inflation. It also raised the interest rate on
savings deposits to 3% in an attempt to keep cash on the
sidelines.

Consumer prices may have risen as much as 5.3% in
January, according to Bloomberg.

China has now raised
interest rates by 0.75 basis points. But it

Published by Wyatt Investment Research at