The Central Bank of the People’s Republic of China is responsible for formulating and implementing monetary policies, preventing and resolving financial risks, and maintaining financial stability.
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Asia-Pacific markets opened mixed on Friday as investors digested Japanese inflation data and awaited a Chinese interest rate decision.
The People’s Bank of China is scheduled to release a decision on the preferential lending rate on Friday, with traders focusing on whether the central bank will cut interest rates to boost the Chinese economy.
The one-year LPR affects corporate loans and most household loans in China, while the five-year LPR is the benchmark for mortgage rates.
Currently, the one-year rate is 3.1% and the five-year rate is 3.6%.
The Bank of Japan also released November inflation data a day later. Keep interest rates at 0.25%.
The country’s core inflation rate (which excludes fresh food prices) is 2.7%slightly higher than the 2.6% expected by economists polled by Reuters
The overall inflation rate was 2.9%, higher than Growth in October was 2.3%.
Japanese Nikkei 225 Index It opened up 0.11% after the release of the inflation data, while the Topix rose 0.32%.
Korean Cospi fell 0.95%, and the small-cap Kosdaq fell 0.63%.
Australian S&P/ASX 200 Index It opened down 0.98%, the lowest since November 1. Hang Seng Index The Hang Seng Index closed at 19,730 points, opening weaker than the Hang Seng Index closing at 19,752.51 points.
Overnight in America, Dow Jones Industrial Average Thursday narrowly ended its longest losing streak since 1974.
The 30 stocks in the Dow rose 0.04%, but other major U.S. stock indexes fell, including S&P 500 Index down 0.09%, Nasdaq Index down 0.10%.
The 10-year Treasury yield also rose for a second day in a row, exceeding 4.5%, putting pressure on stocks. Benchmark yields surged more than 13 points in the previous session.
—CNBC’s Brian Evans and Pia Singh contributed to this report.
