A woman walks past the headquarters of the People's Bank of China in Beijing, China.

China's central bank raised short-term interest rates for the third time in as many months on Thursday, a day after the end of the annual session of parliament where leaders warned that tackling debt risks would be a top policy priority this year.



The move came hours after the U.S. Federal Reserve raised its benchmark policy rate, as had been widely expected.

The People's Bank of China (PBOC) raised interest rates by 10 basis points on both medium-term lending facility (MLF) loans and its open market operation reverse repurchase agreements.

Some analysts had expected such a move in coming months as authorities look to contain raises from a rapid build-up in debt.

