Skip to content.
Updated at 8:16 am on 7 July 2011
China has increased its main interest rates for the third time this year to try to curb inflation.
The People's Bank of China said its one-year lending rate would rise to 6.56% from 6.31% and its one-year deposit rate to 3.5% from 3.25%. They will take effect from Thursday.
The consumer price measure of inflation hit 5.5% in May, the highest rate for almost three years.
The BBC reports the government has made tackling inflation its top priority. Food prices are of particular concern as they are rising much faster than general prices.
Most economists had expected the central bank to increase rates this month.
Copyright © 2011, Radio New Zealand
Audio is categorised based on the frequency of the programme it was heard in. Click on the headings below to access the programmes. For the most recently published audio, go to the latest audio page.
Streams are in Windows Media format. Mac and Linux users may need to install additional software. Get help with audio
A selection of music interviews, reviews, videos, concerts, sessions, and performances.
Downloads and podcasts are available for selected programmes. Our podcast page has a complete list of feeds.
Help on using online audio: formats, software, podcasts, downloading, and troubleshooting.