Key Events Around the Globe Investors Must Know

China Leaves Key Interest Rates Unchanged

The People’s Bank of China left its benchmark interest rates unchanged for the fourth straight month despite key indicators suggesting economic slowdown. The PBoC kept its one-year loan prime rate unchanged at 3.0 per cent. Similarly, the five-year LPR, the benchmark for mortgage rates, was retained at 3.50 per cent. The decision came in line with expectations. The bank had reduced both LPRs by quarter points in October 2024 and 10 basis points each in May.

Australia Business Activity Growth Slows in Sept as Tariffs Hit Exports – PMI

Australia’s business activity growth slowed in September, dragged down by weaker new orders and renewed pressure on exports, a private survey showed on Tuesday. The S&P Global Flash Composite Purchasing Managers’ Index (PMI) fell to 52.1 in September from 55.5 in August, staying above the 50 mark that separates growth from contraction for a 12th straight month. The services activity index slowed to 52.0 from 55.8 in the previous month, while the manufacturing PMI declined to 51.6 from 53.0 as output growth also moderated.

Source: HDFC Securities Prime Daily, 23 Sept 2025

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