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PBOC: China's economy isn’t experiencing deflation, economic growth set to rebound sharply

PBOC: China's economy isn’t experiencing deflation, economic growth set to rebound sharply
The People's Bank of China issued its quarterly monetary policy report on Monday. The Bank said:economic growth is set to rebound sharply in Q2, the PBOC citing a low comparison base a year earlier when Covid-19 lockdowns stunted growththere is no foundation for long-term deflation or inflation, consumer inflation will stay low in the second quarter due to insufficient demand. PBOC said in the report that it would work to expand domestic demand, while striking a balance between economic growth a... Read More
Posted: May 15 2023, 22:47
Author Name: forexlive
Views: 110634

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