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Central bank raises key rates by 0.125%, despite Fed cut

Story date: 2007-09-20 06:52:00
Added on: 2007-09-20 23:00:15


China Post - ... approach in setting its monetary policy as it raised key interest rates for a 13th ... federal funds rate from 5.25 percent to 4.75 percent, after several subprime mortgage ... Meanwhile, the unemployment rate from January to July was 3.88 percent, the lowest ...


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