China's central bank is expected to maintain its key interest rate unchanged on Friday, as uncertainty looms over the Federal Reserve's easing policies. The decision comes amidst a backdrop of global economic challenges and trade tensions.
The People's Bank of China is set to keep the one-year Loan Prime Rate (LPR) steady at 3.85%, while the five-year LPR is likely to remain at 4.65%. This move is seen as an effort to provide stability and support to the Chinese economy amid external pressures.
