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Further Internal Demand Deterioration in China But PBoC Refrains from Cutting Key Interest Rate

Further Internal Demand Deterioration in China But PBoC Refrains from Cutting Key Interest Rate
Further internal demand deterioration in China but PBoC refrains from cutting key interest rate Retail sales in China decelerated to 3.1% y/y in June from May’s 12.7% y/y, weakest growth rate since December 2022. Q2 GDP growth in China came in below expectations at 6.3% y/y vs. consensus estimates of 7.3% y/y. China’s central bank, […] The post Further Internal Demand Deterioration in China But PBoC Refrains from Cutting Key Interest Rate appeared first on Action Forex... Read More
Posted: Jul 17 2023, 06:43
Author Name: actionforex
Views: 080963

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