According to Jinshi, Ian Lyngen, an analyst at Bank of Montreal, Canada, said that if the CPI data is hot again, the possibility of orderly interest rate cuts of 25 basis points in the June, September and December meetings will be hit. He further pointed out that even a core inflation rate of 0.2% on a monthly basis is unlikely to consolidate expectations of a rate cut in June, although rate cuts may continue.

#CPI