PBOC to Ease Monetary Policy Further Despite Strong Inflation
<p>We expect China’s monetary policy will be more expansionary in coming months as the economy slows further. Struggling between boosting growth and curbing CPI acceleration, the authority has probably chosen the former. Meanwhile, PBOC is obliged to do more as fiscal stimulus remains modest. PBOC has lowered interest rates three times this month. Last week […]</p>
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