Economics

PBOC Governor Sees Stable Policy, Inflation Below Target

Consumer inflation accelerated to 1.3% in May, government data showed Wednesday, below economists estimates of 1.6%. — Consumer inflation accelerated to 1.3% in May, government data showed Wednesday, below economists estimates of 1.6%.
Photographer: Qilai Shen/Bloomberg

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By Bloomberg News

June 10, 2021 at 2:26 AM UTC

Updated on

June 10, 2021 at 4:46 AM UTC

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China’s central bank Governor Yi Gang said consumer inflation will likely stay below the government’s target this year and monetary policy must remain stable, seeking to downplay concerns of rising prices in the economy.