China: Deflationary pressures increased in September – UOB Group
15.10.2024, 08:32

China: Deflationary pressures increased in September – UOB Group

China’s Consumer Price Index (CPI) slowed to 0.4% y/y in September (Bloomberg est: 0.6%; August: 0.6%) and core CPI (excluding food & energy) was near flat at 0.1% y/y, its weakest since March 2021. Both services inflation and consumer goods inflation moderated, to 0.2% y/y (August: 0.5%) and 0.5% y/y (August: 0.7%) respectively in September, UOB Group’s economist Ho Woei Chen notes.

Core inflation near-flat in September

“China’s CPI slowed to 0.4% y/y in September and core CPI (excluding food & energy) was near flat at 0.1% y/y, its weakest since March 2021. PPI deflation continued to deepen in September, falling by a larger than expected -2.8% y/y.”

“We keep our 2024 forecast for the CPI and PPI at 0.5% and -2.0%, respectively, and anticipate some improvements to 1.2% and -0.9% in 2025. Against a backdrop of PBOC’s easing bias, we expect the 1Y and 5Y loan prime rates (LPR) to fall to 3.15% and 3.65% by end-2024 from current 3.35% and 3.85%, respectively.”

“The central bank reduced banks’ reserve requirement ratio (RRR) by 0.5% pt effective from 27 September, its second cut for the year and cited another potential 0.25–0.50% pt reduction later this year. While China’s Finance Ministry pledged stronger support at its briefing on Saturday (12 Oct) and said that there’s still ‘large’ room for the central government to raise debt and for the headline fiscal deficit to increase, there were no details on additional stimulus.”

© 2000-2024. Sva prava zaštićena.

Sajt je vlasništvo kompanije Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).

Svi podaci koji se nalaze na sajtu ne predstavljaju osnovu za donošenje investicionih odluka, već su informativnog karaktera.

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.

Politika sprečavanja pranja novca

Upozorenje o rizicima

Izvršenje trgovinskih operacija sa finansijskim instrumentima upotrebom marginalne trgovine pruža velike mogućnosti i omogućava investitorima ostvarivanje visokih prihoda. Međutim, takav vid trgovine povezan je sa potencijalno visokim nivoom rizika od gubitka sredstava. Проведение торговых операций на финанcовых рынках c маржинальными финанcовыми инcтрументами открывает широкие возможноcти, и позволяет инвеcторам, готовым пойти на риcк, получать выcокую прибыль, но при этом неcет в cебе потенциально выcокий уровень риcка получения убытков. Iz tog razloga je pre započinjanja trgovine potrebno odlučiti o izboru odgovarajuće investicione strategije, uzimajući u obzir raspoložive resurse.

Politika poverenja

Upotreba informacija: U slučaju potpunog ili delimičnog preuzimanja i daljeg korišćenja materijala koji se nalazi na sajtu, potrebno je navesti link odgovarajuće stranice na sajtu kompanije TeleTrade-a kao izvora informacija. Upotreba materijala na internetu mora biti praćena hiper linkom do web stranice teletrade.org. Automatski uvoz materijala i informacija sa stranice je zabranjen.

Ako imate bilo kakvih pitanja, obratite nam se pr@teletrade.global.

Банковни
транcфери
Feedback
Lajv čet E-mail
Povratak na vrh
Izaberi lokaciju / jezik