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China's central bank expected to keep policy rate steady amid slowing growth, currency depreciation

  • China's central bank is predicted to keep its medium-term lending rate unchanged but boost liquidity.
  • The bank has already lowered the rate twice since June to support the economy.
  • New bank lending in China jumped fourfold in August, exceeding forecasts.
  • The yuan has fallen over 5% against the dollar this year, prompting efforts to slow its decline.
  • The bank is seen seeking to bolster growth while not overly weakening the currency.
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