China’s surging pork prices leave limited leeway for interest rate cut to support growth

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Fears of exasperating already rapidly rising consumer prices are limiting the options for Chinese policymakers to make aggressive rate cuts and implement other monetary policy easing even as the economy continues to worsen, analysts said.Surging pork prices pushed China’s consumer price index (CPI) to a nearly eight year high in October, while the headwinds for China’s economic growth are continuing to build as seen in weakening in the export, industrial and property sectors.Policy easing space…

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