Lombard Odier's Lee: Already Have Tactical Exposures to China

The transcript discusses the acceleration of PPI in China and South Korea, and the potential impact on market assets. It highlights the importance of the Fed's reaction to US inflation data and the new framework of average inflation targeting. The discussion extends to central banks in Asia, particularly the Bank of Korea, which may raise rates due to financial stability concerns. The transcript also covers China's policy options in response to rising prices and property market issues, emphasizing macro potential tightening and the PBOC's role.

What factors are influencing the Federal Reserve's reaction to inflation data?

How has the Bank of Korea's approach to inflation differed from other central banks in Asia?

Discuss the implications of rising property prices on central bank policies.

What are the potential policy options available to the PBOC in response to rising prices?

What indicators suggest that inflation pressures may remain low in the second half of the year?