The Monetary Policy Committee today voted to raise the Official Cash Rate (OCR) from 5.25% to 5.50%.

Some 110.36 billion yuan (about 15.52 billion U.S. dollars) of treasury bonds were issued on the Beijing Stock Exchange in September, according to data from the bourse.

According to the bank’s recent statistics, its month-on-month balance sheet rose by 0.84% or Dh4.13 billion in July.

According to Eurostat's flash estimates, the annual inflation rate in August was 9.1% in the euro area and 7.6% in Finland. The ECB staff’s new September forecast also reflects a substantial upward revision from the June forecast, with euro area inflation now expected to average 8.1% in 2022, 5.5% in 2023 and 2.3% in 2024.

The Caixin China General Services Purchasing Managers' Index came in at 55.5 in July.

China's digital economy reached 45.5 trillion yuan ($6.77 trillion) in 2021, up 16 percent year-on-year, and ranked second in the world

China will likely meet its annual growth target of around 5.5 percent this year

Despite a slowdown compared with previous years, China's GDP growth target of around 5.5 percent points to the nation's proactive pursuit of economic progress on a high base and necessitates robust support from macroeconomic policies

The government has set the economic growth target for this year at 5.5 percent. Three economists discuss the paths of China meeting this "relatively ambitious" target.

China will focus on stabilizing its economic fundamentals this year, setting its GDP growth target at around 5.5 percent, Premier Li Keqiang said on Saturday, as the world's second-largest economy beefs up supportive measures to shore up growth against possible strong headwinds.