SteelOrbis Shanghai
In October, China's overall consumer price index (CPI) grew by 4.0 percent year on year, down by 0.6 of a percentage point compared with the growth rate in September. From January to October, China's CPI rose by 6.7 percent year on year.
The drop in the CPI increase rate has created favorable conditions for the Chinese government's current loose monetary policy. It is expected that the central bank will cut the interest rate by 0.27 of a percentage point to 0.54 percent and will reduce the deposit reserve ratio by 0.5 of a percentage point to one percent.