PBoC expected to remain on hold following healthy PPI rise
China’s producer price inflation climbed out of long decline to 45-month high in April
Experts see China’s central bank continuing to hold policy after a key inflation metric rose at its fastest rate in three years in April, marking a sharp turnaround after months of declining prices last year.
“There will be no quick shift from dovish to hawkish,” ANZ economist Xing Zhaopeng tells Central Banking today (May 12), after official statistics published on May 11 showed that producer price inflation (PPI) in China had increased by 2.8% year on year last month. The increase brought the
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