At last, China has moved beyond the pea-shooters. Three increases to banks’ reserve requirement ratios since the beginning of the year had little obvious effect on prices; the inflation rate in August was 3.5 per cent, the fastest pace in 22 months. Bigger guns have now been deployed. For the first time since December 2007, the People’s Bank has increased the benchmark one-year deposit and lending rates by 0.25 percentage points, to 2.5 and 5.56 per cent respectively.
中國終于拋棄了射豆槍。自今年年初以來銀行存款準備金率(RRR)的三次上調，幾乎未對價格產生明顯影響；8月份通脹率已達到3.5%，是22個月來的最快增長速度。如今，當局已動用了重型武器。自2007年12月以來，中國央行首次將一年期存貸款基準利率上調0.25個百分點，分別至2.5%與5.56%。
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