CHINA today announced the sixth interest-rate rise this year to fight the fastest inflation increase in more than a decade.

The deposit interest rates will rise 0.27 percentage points from tomorrow and the benchmark lending rate will rise 0.18 percent, the People's Bank of China said on its Website today.

The one-year deposit rate will rise from 3.87 percent to 4.14 percent while the one-year benchmark lending rate increases from 7.29 percent to 7.47 percent.