PBOC: Improvements needed to prevent inflation

The People's Bank of China said in a press release on Monday 28 July that the central bank needs to improve its monetary policy decision making in order to maintain the stability of the yuan. Instability of monetary policy will "significantly erode the interests of the masses" PBOC Governor Zhou Xiaochuan said.

Source: People's Daily

Serious inflation would harm the interests of the masses and the central bank needs to improve its monetary policy decision making in order to maintain the stabili

To continue reading...