Softer CPI keeps PBoC easing in play – TD Securities
TD Securities expects China’s January CPI to slow, with its forecast at 0.3% year-on-year versus 0.4% consensus, driven by sharply easing food inflation after recent surges. Weak services price pressures reflect tepid demand. TD Securities anticipates that the PBoC will resume rate cuts in Q2, using available policy space to support growth. Food disinflation and

















