Persistent inflation in China narrows the window for when the People’s Bank of China can cut rates and support growth, economists said.
"Rising inflation, if [it] continues, could further limit China's room for policy maneuvers," Pang said.
China will adjust monetary policy"when appropriate" to support growth, Premier Li Keqiang said at a meeting last week of the State Council, the top executive body.The producer price index rose by 8.3% in March, slower than the 8.8% increase in February and the lowest since April 2021, according to Wind data. Coal and petroleum products contributed some of the largest gains.
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