(Reuters) – China is likely to cut interest rates or reserve requirements again if consumer inflation drifts below 1 percent, a member of the central bank’s monetary policy committee said, as he ruled out more support for the sagging Chinese property market.
Qian Yingyi said policymakers still needed to monitor the inflation data for March and April to judge if deflation pressures were deepening in the world’s second-biggest economy. Read more
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