- prior 2.0%
–
- For the March m/m, -0.5% (was +0.5% in February)
–
- CPI is bang on expectations
- Below Beijing’s upper target
- The good inflation reading gives the market reason to think that there the government has room to provide stimulus. I think I’ve linked to Premier Li Keqiang saying yesterday that there won’t be stimulus about 10 times already today … I ain’t gonna do it again.
