Quotes of the Day

The People's Bank of China said on Tuesday it was raising its benchmark one-year interest rates by 25 basis points with effect from Wednesday
Wednesday, Oct. 20, 2010

Open quoteIt's like a mosquito biting an elephant.Close quote

  • JAY BRYSON,
  • a global economist at Wells Fargo, on the ability of China's quarter-point rate increase to control the country's inflation and stabilize its economic growth
Photo: Reuters | Source: AP