摘要
September saw another 27-basis-point interestrate hike, the fifth increase this year, setting the one-year lending rate at a nine-year high of 7.29%, and the one-year deposit rate at 3.87%. August year-on-year inflation was at 6.5%, above market expectations of 5-9% and the highest monthly consumer price index (CPI) number since December 1996. The People's Bank of China (PBOC) has already said that it would like to have positive real interest rates.