China’s central bank raises own market rates in response to U.S. Fed hike

• December 14, 2017
• realestatelife
• Announcements, Business & Markets, Real Estate, Real Estate Finance

China’s central bank followed a U.S. interest-rate increase with its own move Thursday to blunt the effect of higher U.S. rates on the Chinese economy, which cooled again in November.

The People’s Bank of China on Thursday raised two key short-term interest rates. Economists say they expect the world’s second-largest economy to struggle against soaring funding costs in 2018.