Free Trial

PBOC Pledges Stronger Support To The Economy-Yicai

CHINA PRESS
MNI (Singapore)

The People’s Bank of China pledged to increase the intensity of prudent monetary policy but avoid massive stimulus and excessive money printing, as it looks to balance economic growth and price stability, Yicai.com reported, citing the central bank’s Q2 monetary policy report released late Wednesday. The PBOC warned of increasing structural inflation pressure, with CPI set to rise from the 1.7% level seen in H1, likely exceeding 3.0% in some months in H2, said Yicai. Still, it is widely believed that overall price pressures will remain subdued and will not constrain monetary policy, providing space for stabilizing growth and expanding demand, said Yicai, citing analysts.

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.