This from Bloomberg in the wake of the China inflation data
(ps. the data is here: China inflation (November): CPI 2.3% y/y (expected 2.2%) and PPI up 3.3% (expected 2.3% y/y) .... there ya go, saved you a click!)
- Prices boosted by rallying commodities and stronger demand would ripple through supply chain across Asia
- Uncertainties remain
- "China has entered a new inflationary cycle," said Raymond Yeung, chief greater China economist at Australia & New Zealand Banking Group Ltd. in Hong Kong. "The next move of the PBOC should be an interest rate hike, not a cut."
