date:May 10, 2013
lowered the full-year CPI inflation forecast to 3 percent from 3.2 percent, in view of lower-than-expected food inflation and subdued nonfood prices.
We think the current accommodative monetary and financing conditions will be maintained, considering the softer-than-expected domestic and global growth recovery, a report from Barclays Capital said. But moderate food inflation and falling global commodity prices have allowed the People's Bank of China to be more flexible.
The report warned that