Economics

China’s Monetary Policy Is Being Hamstrung By Inflation Surge

  • No more cuts to MLF rate and RRR in the rest of 2019: Nomura
  • Ex-PBOC official said overall CPI more important than core CPI
Photographer: Giulia Marchi/Bloomberg
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China’s room to ease monetary policy to aid the slowing economy is being limited further by price rises due the ongoing swine fever epidemic, economists said.