China’s June inflation rate of 6.4 percent may be the peak this inflationary cycle as price increases are slowing on a month-on-month basis, according to Citic Securities Co.
Consumer prices may rise about 6 percent this month and the central bank isn’t likely to raise interest rates the rest of the year, analysts led by Zhu Jianfang wrote in a report today. The banks’ reserve-requirement ratio is expected to be lifted two or three times, it said.
Bloomberg