Economic calendar in Asia Monday, September 9, 2024 – Chinese inflation data for August

The Chinese inflation data are the focus of the data agenda. The y/y CPI is expected to have increased from July. If the 0.7% consensus median is hit it’ll be the fastest rate of increase since February this year, which counts as progress for China. On Friday ex-PBOC Governor Yi Gang emphasised the importance of combatting deflationary pressure:

• “right now they should focus on fighting deflationary pressure”
• “ improve domestic demand … successfully deal with the situation of the real estate market as well as the local government debt problem, and influence the confidence of society”

More:

• Former PBOC Gov says China requires proactive fiscal policy, accommodative monetary

• This snapshot from the ForexLive economic data calendar, access it here.
• The times in the left-most column are GMT.
• The numbers in the right-most column are the ‘prior’ (previous month/quarter as the case may be) result. The number in the column next to that, where there is a number, is the consensus median expected.

This article was written by Eamonn Sheridan at www.forexlive.com.