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%.
Japan also released November inflation data a day after the Bank of Japan kept 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%, up from 2.3% in October.
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.
Overnight, the U.S. Dow Jones Industrial Average narrowly ended its longest losing streak since 1974 on Thursday.
The 30-stock Dow Jones Industrial Average rose 0.04%, but other major U.S. stock indexes fell, with the S&P 500 down 0.09% and the Nasdaq 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.
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