Flash: Only moderate interest in China’s June CPI - Westpac

FXstreet.com (Barcelona) - According to Sean Callow, FX Strategist at Westpac, "There should be moderate interest in China’s June CPI today (1.30GMT), with consensus for an increase to 2.5% y/y from 2.1% in May." Callow adds "since inflation ex-food was only 1.6% y/y in May, shouldn’t be much higher in June, meaning inflation should have no implications for monetary policy."