PBOC to keep door open to further monetary easing in short run
In emerging markets, data from China earlier today showed a rebound in headline CPI to 1.4% yoy in February from a five-year low of 0.8% yoy last month. Producer prices stayed in deflation territory which is keeping a ti…
In emerging markets, data from China earlier today showed a rebound in headline CPI to 1.4% yoy in February from a five-year low of 0.8% yoy last month.
Producer prices stayed in deflation territory which is keeping a tight squeeze on profit margins of smaller Chinese SMEs.
Societe Generale notes in a report on Tuesday:
The PBOC is seen keeping the door open to further monetary easing in the short run.
Interestingly, our EM survey reveals that virtually all investors now expect a stable to weaker CNY over the next twelve months.
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