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China's POct CPI likely to stay steady - RBS

FXStreet (Bali) - According to Gao Qi, Trading Strategist, EM Asia, at RBS, Chinese October CPI inflation is likely to stay steady, adding that more mini-stimulus, including targeted easing measures are expected.

Key Quotes

"We expect China’s CPI inflation to stay low in October after falling to 1.6% yoy in October from 2.0% yoy the previous month, along with declining pork and vegetable prices released earlier by National Bureau of Statistics."

"In the coming months, we expect the nation’s inflationary pressure to remain benign. It will allow the PBoC to deliver more “targeted easing” measures to guide funding cost lower and stabilize economic growth while the government has accelerated approvals of infrastructure projects."

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