China hikes rates to check credit, investment

Only this morning, i was mentioning that the rates could increase in China given the fast growth in GDP that it has shown for the 2nd quarter. This has happened. Please see the related news at China hikes rates to check credit, investment


This could mean that the global interest rates may inch up a bit leading to possibly no interest rates decrease by the RBI in its next credit policy. It will be interesting to see the impact of the rate hike in china across the world.