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Tags: AS | China | Interest Rate Hike

China Raises Short-term Interest Rate Follow US Increase

Thursday, 16 March 2017 12:52 AM

BEIJING (AP) — China's central bank has raised the interest rate on short-term lending to banks but left its benchmark rate unchanged following the U.S. increase.

The People's Bank of China on Thursday increased the rate for its six-month and one-year medium-term lending facility and open-market repurchase operations by 0.1 percent. The benchmark one-year commercial lending rate was unchanged.

The bank cited the U.S. Federal Reserve's Wednesday rate hike and improved Chinese economic conditions.

© Copyright 2021 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.


Asia
China's central bank has raised the interest rate on short-term lending to banks but left its benchmark rate unchanged following the U.S. increase.The People's Bank of China on Thursday increased the rate for its six-month and one-year medium-term lending facility and...
AS,China,Interest Rate Hike
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2017-52-16
Thursday, 16 March 2017 12:52 AM
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