China Inflation Rises, But Growth Still Likely to Matter Most for PBOC -- Market Talk

Dow Jones04-10

0356 GMT - Higher inflation in China over the near term could keep the central bank sidelined a little longer than expected, ING's Lynn Song says. Still, growth is likely to outweigh inflation in the People's Bank of China policymaking calculus, the economist writes. If domestic economic indicators continue to worsen, ING doesn't think recent reflation will prevent further rate cuts. That said, ING did push back its rate-cut call from 2Q to 3Q last month, in line with the broader trend of global central banks staying largely in a wait-and-see mode as they monitor the fallout from the Middle East conflict. (fabiana.negrinochoa@wsj.com)

 

(END) Dow Jones Newswires

April 09, 2026 23:56 ET (03:56 GMT)

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