China: Inflation loses traction in April – UOB – by pabspiovano China Inflation CPI Banks
“Headline inflation was near flat at 0.1% y/y, -0.1% m/m in Apr. The data continues to paint an uneven economic recovery in China as the demand recovery has failed to lift prices.”
“China’s PPI remained in deflation for the 7th consecutive month with the decline in prices accelerating to -3.6% y/y.” “Monetary policy will stay accommodative with the prospect of another 25 bps cut to the RRR later this year should credit growth slow.”Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions.
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