China's central bank is to raise interest rates for the third time this year, a day after figures showed that the country's economy had expanded at its fastest pace in over a decade.
The main lending and deposit rates will each rise by 0.27 percentage points from Saturday, the People's Bank of China said in a statement on its website.
The main lending rate is now 6.84%, while the deposit rate is 3.33%.
Thursday's figures showed that China's economy expanded at an annual rate of 11.9% in the second quarter of this year. This came despite a series of government measures in the first six months of the year to cool the economy.
