That's as you would expect, of course - there's no chance Chinese officials will say they are loosening policy while inflation remains above 8%, though in reality there may be minor moves in regulations and reserve requirements (each way) in the meantime.
Number to watch for is Wednesday's March CPI figure, which is expected to come in at 8.3% ("whisper") from February's 8.7%... but food inflation will be the key.
(Here's Frank Gong's note from last week on China inflation, incidentally, in which he comments on why food inflation is NOT what we should be so worried about.)
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