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MNI BRIEF:China's Inflation Moderate, Monetary Policy Flexible

MNI (Singapore)
SINGAPORE (MNI)

Inflation in China is generally moderate, and the People's Bank of China will keep the prudent monetary policy flexible, targeted, reasonable and appropriate, so to support high-quality economic development, said PBOC Governor Yi Gang during a video conference with G20 finance ministers and central bank governors, according to a statement on the PBOC website.

China's CPI eased to 0.7% y/y in September, edging down from August's 0.8%, but PPI soared to 10.7% y/y, hitting the highest level since November 1995.

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