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PBOC reaffirms to continue implementing prudent monetary policy

To consolidate financing support for the real economy as demand still needs time to pick upTo maintain the trend of economic recovery amid "scarring effect" of Covid-19Expects inflation to pick up later this yearBut sees no basis for long-term deflation or inflation in the countryThis just reaffirms that they are sticking to the current policy stance and that they will continue to manage things as they have been recently, focusing more on bolstering the economy as it continues to recover from th... Read More

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Posted: Apr 20 2023, 07:26

Author Name: forexlive

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