On Thursday, China's Central Bank increased the cost of 7-day, 14-day, 28-day interest rates on loans by 0.1%. The regulator said that this situation is justified and will contribute to the normalization of the mixed economic situation, house prices growth and inflation.
At the moment 7-day lending rate 2.45%. The Central Bank has already raised interest rates in February 2017. The regulator assured that the increase is not significant and should not be regarded as an increase in the official cash rate.