This Round of China's Interest Rate Hike is Nearing An End

China’s Central Bank announced on the night of April 5 that it would raise RMB’s benchmark interest rates from April 6,the second time for it to raise interest rates this year and the fourth time since last October when this round of rate hike was launched. After adjustment,financial institutions’ one-year deposit rate and oneyear lending rate will both see a rise of 0.25%to 3.25%and 6.31%respectively. Besides,benchmark deposits and lend- ing rates for other grades as well as lending rate for individual housing common reserve fund will also be adjusted accordingly. Since early 2011,the Central Bank has raised for three times the RMB deposit reserve requirement ratio (RRR) of the deoosit-taking financial