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Here’s a very odd story. The Bank of China recently raised interest rates by 18 basis points and its one-year deposit rate by 27 basis points. Strange that both numbers are divisible by nine. Strange, but no accident. You see, in China, all interest rates set to multiples of nine. Would you believe it has to do with the abacus?

No, really.

Posted by edelfenbein at May 22, 2007 12:12 PM