China must stabilise inflation expectations, the head of the People’s Bank of China said on Wednesday, vowing to vigilantly manage the risks of rising prices as the central bank’s first priority while also pledging further capital market reforms.
Governor Zhou Xiaochuan, in comments that further reinforce the market’s view that the PBOC has dropped the pro-growth policy mix of 2012, said the central bank’s stance had shifted to neutral from loose and that policy was now prudently set to rein in the risk of rising prices.
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Kevin Yao and Aileen Wang, Reuters via CHINA US Focus http://feedproxy.google.com/~r/ChinaUsFocus/~3/mucputYbppw/
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