BEIJING (Reuters) - China's annual rate of consumer inflation slowed sharply to a 20-month low of 3.2 percent in February, comfortably within Beijing's 2012 target of 4 percent, giving policymakers room to further loosen monetary policy to support slowing growth.
Analysts say abating price pressures give Beijing space to loosen policy and reduce the amount of cash commercial banks must hold as reserves at the central bank.
Already a subscriber? Log in.
Limited time offer:
Just RM5 per month.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!