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PBOC to Extend Credit Control to Ease Inflation: Herald

CHINA PRESS
MNI (Singapore)

The PBOC may respond to inflation by continuing the operation since Q1 controlling credit and liquidity, especially through scaling back credit extended to overheating industrial sectors and redirecting resources to industries not yet recovered, said the 21st Business Herald in a commentary. The PBOC is unlikely to hike interest rates as the current PPI is still under control, and that the recovery is unbalanced, the newspaper said. The current inflationary pressure can only be ultimately eased by the industry and not by monetary policy, the newspaper said.

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