- Analytics
- News and Tools
- Market News
- China: Inflation surprised to the downside in January- UOB
China: Inflation surprised to the downside in January- UOB
Economist at UOB Group Ho Woei Chen, CFA, assesses the latest release of inflation figures in the Chinese economy.
Key Takeaways
“China’s CPI and PPI continued to moderate and were both below expectations in Jan.”
“We maintain our forecast for 2022 CPI to average 2.2% compared to 0.9% in 2021 as it is expected to rebound in the coming months on the back of the low comparison base last year as well as elevated energy prices. Consumption demand recovery may still be constrained by a weaker economic outlook and COVID-19 containment measures, at least in the first half of the year.”
“We expect PPI to moderate towards 4-6% in 2022 from 8.1% in 2021 but elevated energy prices and the supply chain disruption remain key concerns.”
“The PBOC maintained its rhetoric on a prudent monetary policy that should be flexible and appropriate and to strengthen cross-cyclical adjustment. We expect the PBOC to guide the LPR lower in the coming MLF settings and maintain our call for the benchmark 1Y LPR to fall by another 15 bps to 3.55% by the end of 2Q22.”
© 2000-2024. All rights reserved.
This site is managed by Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).
The information on this website is for informational purposes only and does not constitute any investment advice.
The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.
Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.
Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to teletrade.org. Automatic import of materials and information from this website is prohibited.
Please contact our PR department if you have any questions or need assistance at pr@teletrade.global.
Bank transfers
