China: Inflationary pressures remain muted – Danske Bank

Sandeep Kanihama FXStreet Contributor

Chinese inflation data for October was published overnight and came in roughly as expected with PPI printing 3.3% y/y, down from 3.6% y/y in September.

Key Quotes

“CPI was 2.5% y/y, unchanged from the previous month. Hence, inflationary pressures remain muted in the Chinese economy and do not constrain the People's Bank of China from keeping an easy stance on monetary policy.”

Author

Sandeep Kanihama

FXStreet Contributor

Sandeep Kanihama is an FX Editor and Analyst with FXstreet having principally focus area on Asia and European markets with commodity, currency and equities coverage. He is stationed in the Indian capital city of Delhi.

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