In step with US Federal Reserve: China raises key market interest rates

The Fed raised US interest rates by 25 bps, or a quarter of a percentage point

China gingerly raised a key short-term interest rate on Thursday following the U.S. Federal Reserve Bank's move overnight, in a symbolic reminder that Beijing is keeping an eye on global market trends even as it cracks down on financial risks at home.
 
The People's Bank of China (PBOC) said it had increased the rate on 7-day reverse repurchase agreements by 5 basis points (bps) to 2.55 per cent. Reverse repos are one of its most commonly used tools to control liquidity in the financial system.
 
The Fed raised US interest rates by 25 bps, or a quarter of