China’s export growth has likely slowed for a third month while inflation has cooled, increasing the possibility that the People’s Bank of China will keep interest rates unchanged, Bloomberg reported. Overseas sales rose by 20% in May, down from 21.9% the previous month, according to the predictions of a Bloomberg survey of 17 economists. The consumer price index in May rose by 8% from the previous year, compared to 8.5% in April, according to a median estimate of 19 economists. Analysts told the newswire service that moderating exports and inflation suggest that macroeconomic tightening measures may be succeeding and that inflation has temporarily peaked.
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