Surging inflation won't stop monetary easing in China - analysts
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SHANGHAI (Reuters) - China's strongest consumer inflation in nearly eight years won't deter the central bank from cutting a key interest rate next week, as slowing economic growth is a bigger concern for policymakers, traders and fund managers said.The People's Bank of China (PBOC) will likely lower the Loan Prime Rate (LPR) next Wednesday, for the third time since it introduced the benchmark in August. The rate on the one-year fixing now stands at 4.2% while the five-year is at 4.85%.Driven..