China’s feeble Oct inflation calls for more PBOC easing

FXStreet (Bali) – China’s October CPI (MoM) came in at -0.3% vs -0.2% expected and 0.1% last, with the YoY at +1.3% vs +1.5% expected. Meanwhile, PPI stood at -5.9% YoY, below the -5.8% expected.

The feeble Chinese inflation figures should increase speculation of additional monetary easing by the PBOC in order to stimulate further demand in the world’s second largest economy. As a reminder, over the weekend, China posted another disappointing month of trade numbers, with both imports and exports well below expectations, fueling further calls for the PBOC to step up to the plate and provide more assistance.

China’s October CPI (MoM) came in at -0.3% vs -0.2% expected and 0.1% last, with the YoY at +1.3% vs +1.5% expected. Meanwhile, PPI stood at -5.9% YoY, below the -5.8% expected.

(Market News Provided by FXstreet)