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Global inflation rates are falling but their descent is being hampered by stubborn services sector price growth, says Fitch Ratings in a new report. Inflation has slowed rapidly, helped by a reversal of food and energy price inflation. Core goods inflation (excluding food and energy) has also fallen and in many countries is now back to its pre-pandemic ...
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post: PBoC Sets Yuan Mid-Point At 7.1098 / Dollar Vs Last Close 7.2416 - Weakest Since January Amid Dollar ReboundPBOC sets USD/ CNY reference rate for today at 7.1098 (vs. estimate at 7.2451) PBOC injects 2bn via 7-day RR, sets rate at an unchanged 1.8% • 2bn mature today. • Thus neutral in OMOs today.