ECB Set to Raise Interest Rates as Energy Shock Fuels Eurozone Inflation Concerns 
FxWirePro: Daily Commodity Tracker - 21st March, 2022 
Fed Chair Kevin Warsh Signals Policy Overhaul as Hawkish Rate Outlook Rattles Markets 
Gold Prices Fall Amid Rate Jitters; Copper Steady as China Stimulus Eyed 
Denmark Central Bank Intervenes to Support Krone Peg Against Euro 
ECB Keeps July Rate Options Open Amid Iran War Energy Price Risks 
RBA Minutes Signal Australia Central Bank Remains Ready to Raise Interest Rates if Inflation Persists 
China's CPI grew 2 percent year on year , and its PPI slid 2.8 percent year on year in May, official statistics showed on Thursday.
"The inflationary pressure is smaller than expected, highlighting the weak domestic demand," Dong Tao, Credit Suisse's Managing Director and Chief Economist for non-Japan Asia, told FxWirePro.
"But this should have limited impact to central bank's interest rate decision," Dong Tao added. "Jun Ma and his team revised up CPI forecast substantially for this year, indicating that real interest rates are broadly intact. "
Jun Ma, the chief economist for China's central bank, forecasts that the economy will grow 6.8 percent in 2016, which was reported yesterday.
In Dong Tao's view, PBOC is likely to keep quantitative easing.
