The People's Bank of China on Tuesday raised interest rate for the third time since October, extending its efforts to curb inflation.
The benchmark one-year lending rate will increase to 6.06% from 5.81% and the one-year deposit rate will increase to 3% from 2.75%, effective from Wednesday.
Consumer prices rose 4.6% annually in December after rising 5.1% in November. However, rising food prices underlines that inflation is set to accelerate further.
For comments and feedback contact: editorial@rttnews.com
April 10, 2026 16:21 ET Inflation data from the U.S. was the main data event this week as the conflict in the Middle East continue. The minutes of the latest Fed policy session and the survey data on the services sector also made headlines. In Europe, manufacturing orders data from Germany was in focus. Price data from China drew attention in Asia.