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.