Hong Kong’s Hang Seng up 2%, leads Asian markets higher after Powell’s inflation comments
HSBC says China’s latest inflation readings allow the PBOC to maintain an accommodative monetary policy China’s latest inflation figures give the People’s Bank of China room to maintain its current monetary stance, HSBC said in a note. “Moderating price pressures gives the PBOC room to stay accommodative,” said China economist Erin Xin. Xin added that …