INSUBCONTINENT EXCLUSIVE:
inflation has quickened to a near eight-year high of 3.8per cent , driven in part by soaring pork prices as a result of an outbreak of
easing measures in the near term.
The PBOC had unexpectedly made a 200 billion yuan ($28.60 billion) liquidity injection earlier in the
day.
Despite the higher inflation rates the central bank is expected to lower the LPR next Wednesday, for the third time since it was
weighted average lending rate fell 4 basis points in the third quarter to 5.62per cent .
The PBOC also said that it would strengthen
counter-cyclical adjustments in light of the rising downward pressure on the economy.