China’s Central Bank Raises Borrowing Costs After Fed Hikes
An employee places genuine Chinese one-hundred yuan banknotes into a counting machine at the Counterfeit Notes Response Center of KEB Hana Bank in Seoul, South Korea. (Photographer: SeongJoon Cho/Bloomberg)

China’s Central Bank Raises Borrowing Costs After Fed Hikes

(Bloomberg) -- China’s central bank increased the cost of short-term loans to commercial lenders, tightening policy in step with the U.S. Federal Reserve.
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