China Unlikely to Follow Fed Rate Hike as Economy Slows: Survey

China’s central bank is expected to keep borrowing costs on hold through the end of this year despite further Federal Reserve rate hikes from this week, as economic growth slows and the trade war with the U.S. gets worse.

The interest rate on People’s Bank of China seven-day reverse-repurchase agreements will stay at the current level of 2.55 percent through the end of the year, according to the median estimate in a Bloomberg survey of more than 40 traders and analysts conducted from Sept. 18-20.