China’s CPI was cooler than expected in March, reducing the yr/yr rate to 0.7%, its lowest level since September 2021.
China’s March CPI -0.3% m/m (expected 0.2%; last -0.5%); 0.7% yr/yr (expected 1.0%; last 1.0%). March PPI -2.5% yr/yr, as expected (last -1.4%).
March New Loans CNY3.89 trln (expected CNY3.235 trln; last CNY1.810 trln) and March Total Social Financing CNY5.38 trln (expected CNY4.50 trln; last CNY3.16 trln)