China’s July rate hike will be last for 2011, say analysts

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Analysts have said the People's Bank of China's (PBoC) decision to raise interest rates on Wednesday could mark the end of further rate hikes this year, amid growing uncertainty over the health of the economy.

The central bank raised its 12-month benchmark lending and deposit rate by 25 basis points, taking them to 6.56% and 3.50% respectively.

Data from China's National Bureau of Statistics shows annual inflation in May was 5.5%, and up 0.1% from the month before. The move was largely driven by

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