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The interest rate decision by China’s PBoC aligns with expectations at three percent
China’s central bank, the PBOC, has maintained its interest rate at 3%, aligning with expectations. Additionally, the loan prime rates have been left unchanged for October. China’s economy expanded by 4.8% year-on-year in Q3 2025 as projected. The PBOC has set the USD/CNY reference rate at 7.0973, slightly down from the previous 7.0949. Various currency pairs have displayed subdued performance amid recent developments. EUR/USD is weakened by France’s downgraded credit rating, while GBP/USD holds above 1.3400 due to a softer USD balancing dovish BoE outlooks. Gold prices slightly decreased to around $4,245 as ... (full story)
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