Data from China today confirmed higher interest rates in January. Here's how.

Here we go, as I said earlier:In December 2023 Chinese loan Prime rates were 3.45% for the one-year and 4.20% for the five-year:the y/y inflation rate -0.3%In January 2024 Chinese loan Prime rates were unchanged, still at 3.45% for the one-year and 4.20% for the five-year:and the y/y inflation rate was -0.8%Yep, real rates rose in China in January. The stock market noticed ...Happy (Lunar) New year!ps. China is going on an 8-day holiday beginning tomorrow. Who is going to be bag holding stocks for next week?---pps. The m/m CPI did rise, so there is a silver lining:China January CPI +0.3% m/m (expected +0.4%), with y/y remaining in deflation at -0.8%JPM expect the CPI to turn positive y/y sometime in 2024:China January inflation data due today - the domestic economy is grappling with deflation This article was written by Eamonn Sheridan at www.forexlive.com.