Mar 21 - PBOC: Lower Inflation Expectation, and Lowest Willingness for Home Purchase

Source: People's Bank of China , ChinaScope Financial (Data)

+       According to the quarterly survey of depositors by the People’s Bank of China (PBOC), inflation expectations among residents in the first quarter continued to fall, with the inflation expectations index at 62.1%, a 3.3 percentage points quarter-on-quarter decrease, and a 10.7 percentage points year-on-year decrease. However, the current price satisfaction index remains low at 19.7%. 62.9% of respondents considered prices are “high and unacceptable”.

+       Almost unchanged from the previous quarter, only 14.1% of respondents had home purchase plans for the next quarter, the lowest since 1999.

The household survey shows that there is an increase in satisfaction with the current price levels, but a decrease in inflation expectations.

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