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China's CPI eases in May while producer prices recover

Central bank seen keeping policy on easing bias, but with rate cuts less likely
Friday, June 10, 2016 - 05:50

Beijing

DEFLATIONARY pressures in China eased further in May, relieving some pressure on cash-strapped companies, but consumer inflation was cooler than expected, suggesting the central bank will keep policy supportive in coming months but be in no hurry to cut interest rates further.