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MNI: PBOC's Inflation Emphasis Seen Pointing To Limited Easing

(MNI) London

The PBOC's Q2 monetary policy report indicates official rates are likely to remain unchanged, analysts say.

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The emphasis on inflation and international policy tightening in the People’s Bank of China’s second quarter monetary policy report is a signal that further cuts to key policy rates and banks’ reserve requirement ratios are likely to be limited, analysts said.

In the report released on Wednesday, the PBOC stressed that “structural inflation may rise in the short term, imported inflation persists and prices may see periodic rebounds,” pledging that it will not add unnecessarily to the money supply and will strike a balance between growth and inflation, and between domestic needs and international factors.

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The emphasis on inflation and international policy tightening in the People’s Bank of China’s second quarter monetary policy report is a signal that further cuts to key policy rates and banks’ reserve requirement ratios are likely to be limited, analysts said.

In the report released on Wednesday, the PBOC stressed that “structural inflation may rise in the short term, imported inflation persists and prices may see periodic rebounds,” pledging that it will not add unnecessarily to the money supply and will strike a balance between growth and inflation, and between domestic needs and international factors.

Keep reading...Show less