Chinese Inflation Rate YoY (Jan) Y/Y 0.2% vs. Exp. 0.4% (Prev. 0.8%, Low. 0.1%, High. 0.9%)
The Chinese inflation rate for January came in at 0.2% year-over-year, below expectations of 0.4% and significantly lower than the previous rate of 0.8%.
RBA Deputy Governor Hauser says Australia's economy is not just 'dig it and ship it', many parts of the economy are doing quite well, adds inflation is too high which they can't let persist and will do what is needed to return it to the band
UK expands settlement visa for Hong Kongers following Jimmy Lai's sentence
Chinese Inflation Rate YoY (Jan) Y/Y 0.2% vs. Exp. 0.4% (Prev. 0.8%, Low. 0.1%, High. 0.9%)
PBoC injects CNY 78.5bln via 7-day reverse repos with the rate at 1.40% and injects CNY 400bln via 14-day reverse repos with the rate at 1.65%
PRE-MARKET CHINESE STOCKS NEWS: SMIC (981 HK) prelim Q4 (USD) net rose 60.7% Y/Y to 172.8mln (exp. 170.3mln), rev. rose 12.8% Y/Y to 2.49bln
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This notable miss suggests weakening consumer demand and may prompt concerns about economic growth, potentially influencing policy decisions from the PBOC as they manage the balance between stimulating growth and controlling inflation.
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