AsianFin -- China is likely to leave its benchmark lending rates unchanged at Friday’s monthly fixing, according to a Reuters survey, as policymakers assess the impact of recent stimulus measures and easing geopolitical tensions.

Last month, Beijing implemented a broad package of monetary easing to support the slowing economy. Since then, a framework trade agreement between China and the United States—focused on tariff reductions—has lifted optimism around a potential rebound in global trade and cross-border business activity.

The improving outlook is seen as reducing the immediate need for further rate cuts, with analysts expecting the People’s Bank of China to maintain a wait-and-see approach for now.