Chinese Inflation Rate YoY (Mar) Y/Y 1.0% vs. Exp. 1.2% (Prev. 1.3%)
Chinese inflation for March came in at 1.0%, slightly below expectations of 1.2% and down from the previous 1.3%.
Japan's Finance Minister Katayama declines to comment on FX levels and says the government is prepared to take decisive action in markets, but will not elaborate on future potential measures
BoK says rate decision was unanimous and that Middle East conflict poses risks to growth
Chinese Inflation Rate YoY (Mar) Y/Y 1.0% vs. Exp. 1.2% (Prev. 1.3%)
PBoC injects CNY 2.0bln via 7-day reverse repos with the rate at 1.40%
PBoC sets USD/CNY mid-point at 6.8654 vs exp. 6.8313 (Prev. 6.8649)
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This miss could indicate a cooling demand environment and suggests potential headwinds for further tightening by the PBOC, as lower inflation might impact policy considerations. Market participants might also reassess growth forecasts for China, with implications for global commodities and risk sentiment.
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