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China’s Inflation Warning Raises Bar for Further PBOC Easing

  • Inflation may exceed 3% in some months, PBOC says in report
  • Soaring prices in US, Europe a lesson for China: PBOC
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WATCH: The PBOC is issuing their own warning on inflation. Bloomberg Economics’ Chang Shu shares her views on the economy and policies.Source: Bloomberg
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The People’s Bank of China said it will safeguard the economy against inflation threats, pledging to avoid massive stimulus and excessive money printing to spur growth.  

The central bank will both support economic growth and ensure stable prices, the PBOC said in its quarterly monetary policy report released Wednesday. At the same time, it will provide stronger and higher-quality support to the real economy, it said.