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Thread: Raising benchmark interest rate, the katalyst to the stock market?
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[quote=LEOPOLD219,240776]News from Xinhua The central bank of China announced on July 20th to raise the benchmark interest rate by 0.27% as of July 21. When the announcement is made, the shares kept rising. Originally, the purpose of the move is to curb the heated economy, rationalize the growth of lending and investment and stablize the expectancy of inflation and price stability. However, it seems that the move did not work well. The shares bounced back and kept rising. This move became the katalyst to the crazy stock market. Why? What do you think of this move, a katalyst to the stock market?[/quote]
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