0647 GMT - Further policy support is needed as China's price outlook remains weak, UOB economist Ho Woei Chen says in a research note. China's consumer inflation slowed in November, with prices rising 0.2% on year. The PBOC is likely to maintain its easing bias with a potential RRR cut by year-end, Ho says. Given the further moderation in CPI, China's headline CPI is projected to average 0.3% in 2024, the economist says. UOB maintains its forecast for 2025 inflation at a mild 0.9%. (tracy.qu@wsj.com)
(END) Dow Jones Newswires
December 09, 2024 01:47 ET (06:47 GMT)
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