China’s central bank will maintain medium-term policy loan rates on Tuesday, despite economic slowdown signals.

Market experts believe monetary easing is needed to counter the slowdown, but a weaker Chinese yuan has hampered the central bank’s efforts.

20 out of 26 polled market watchers predicted the central bank to keep the interest rate on its one-year MLF loans unchanged.

The yuan has lost 5% against the dollar.

China is an outlier in global central banks, but further rate reductions will widen the yield gap with the US, placing pressure on the yuan and potential outflows.

BofA Global Research analysts believe more pro-growth policies are needed to support economic growth, but limited space for significant monetary easing in the near term.