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China inflation growth slows, boosting hopes of rate cut

Category: Business

Published: 11th May 2012 02:37:36

China's inflation rate slowed in April, raising hopes that the central bank will cut interest rates in a bid to sustain growth.

Consumer prices rose by 3.4% from a year earlier, down from 3.6% in March.

This comes just a day after China reported that its export and import growth had slowed, leading to fears of a slowdown in its economy.

Many analysts have called for Beijing to ease its monetary policy in order to spur growth.

Source:
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BBC News, 2012. China inflation growth slows, boosting hopes of rate cut [Online] (Updated 11th May 2012)
Available at: http://www.ukwirednews.com/news/1427846/China-inflation-growth-slows-boosting-hopes-of-rate-cut [Accessed 24th Jul 2014]

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