(Reuters) - China's central bank raised interest rates on Friday and
announced that the yuan would be allowed to trade more freely,
in another attempt to rein on its fast-growing economy.
Similar monetary-tightening actions by China had already
triggered a sell-off in emerging markets in February, as
investors worried that slower Chinese growth could mean lower
prices of commodities, and less revenue for emerging countries
that export them.
Read more at Reuters.com Bonds News
announced that the yuan would be allowed to trade more freely,
in another attempt to rein on its fast-growing economy.
Similar monetary-tightening actions by China had already
triggered a sell-off in emerging markets in February, as
investors worried that slower Chinese growth could mean lower
prices of commodities, and less revenue for emerging countries
that export them.
Read more at Reuters.com Bonds News
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