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PBOC governor says expects inflation to gradually rebound in 2H this year

There is a supply-demand recovery time lag on inflationAs for annual reading, there is also high base effects still at playHas confidence to reach official growth targetChina's Q2 GDP expected to be high mainly due to base effectsHe's speaking in relation to the earlier CPI report here. As much as he's trying to be optimistic, weak demand conditions are arguably a strong reason why price pressures have been soft in China. And that is something officials in Beijing have been trying to fix by cutt... Read More

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Posted: Jun 9 2023, 08:52

Author Name: forexlive

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