Interest rates rise
(Xinhua)
Updated: 2005-10-15 11:49

The People's Bank of China, the country's central bank, will raise the interest rates paid of deposits of US and Hong Kong dollars starting Saturday, the bank announced yesterday.

The interest rate for one-year deposits of US and Hong Kong dollars will rise to 2.5 percent and 2.375 percent from 2 percent and 1.875 percent respectively, up 0.5 percentage points.