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Economists Survey Raises 2021 CPI Forecast To 4.9%

CHINA PRESS
MNI (Sydney)

The PBOC's policy rates may not change if the CPI doesn't rise significantly, given that policy rates are partly pegged to inflation, China Securities Daily reported citing Guan Tao, the chief economist of Bank of China International and a former forex regulatory official. Policy rates are also tied to employment, which is still weaker now than in 2018-2019, Guan said. Liquidity will be tightly balanced in Q2, and Q1 GDP to be released on Friday will likely show double-digit yearly growth but weak monthly growth, the newspaper said citing market participants.

MNI Sydney Bureau | +61-405-322-399 | lachlan.colquhoun.ext@marketnews.com
MNI Sydney Bureau | +61-405-322-399 | lachlan.colquhoun.ext@marketnews.com