China’s consumer inflation rate fell in September.
Producer price deflation deepened.
This screenshot is from the free ForexLive calendar.
China keep pumping out stimulus, Saturday:
China offers few details on stimulus in Saturday’s press conference
Sunday brought confirmation of cuts to housing loans:
Four of China’s biggest state-owned banks confirm mortgage rate cuts, beginning October 25
Meanwhile, as you can see above, consumer prices are still struggling to hold out of deflation territory.
This article was written by Eamonn Sheridan at www.forexlive.com.
