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Chinese inflation expectations ease in Q1

Inflation expectations among Chinese households eased in the first quarter, a quarterly survey from the People's Bank of China showed.

Around 31.6 percent of households said they could tolerate current inflation, up 6.9 percentage points from the previous survey period. According to the latest survey, 47.1 percent expects prices to rise over the coming three months, down 14.3 percentage points from the fourth quarter.

Chinese inflation had remained stable at 4.9 percent in February. Although inflation resisted further increase, it continues to stay above the 4 percent government target.

The central bank had tightened its monetary policy by raising rates three times since October and demanding banks to set aside more reserves. Still inflation in the second-largest economy hovers at notably higher level.

A separate survey conducted among 3,000 bankers showed that 66.1 percent said monetary policy will be tightened over the coming quarter, up 15.8 percentage points from the prior survey.

Source: rttnews.com

Publication date: 3/17/2011


 


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