China still has room to ease as inflation remains below target, BofA says
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Bank of America indicates that China has room to ease monetary policy further despite a slight increase in inflation forecasts. The bank projects consumer price inflation (CPI) at 1.0% and producer price inflation (PPI) at 1.2% for 2026. The inflation rise is attributed to external factors rather than domestic demand recovery. Weak consumption and ongoing challenges in the property sector suggest that the People's Bank of China can cut interest rates further to stabilize growth, maintaining an accommodative policy stance unless domestic demand improves significantly.
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