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The average May CPI estimate by 19......>

CHINA PRESS
CHINA PRESS: The average May CPI estimate by 19 Chinese financial institutions
was 2.9%, lower than 3.3% in April, according to Securities Times. Citing Li
Chao, chief analyst with Zheshang Securities, the newspaper said inflation has
continued to ease as pork prices fell from their peak. Lower inflation increased
the possibility that the central bank would cut the benchmark interest rates for
deposits and also cut rates for Medium-term Lending facilities to lower
borrowing costs for companies. CPI for May will be released on Wednesday. 

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