Economic news
PBOC governor says will keep monetary policy accommodative, expects inflation to pick up
2023.11.27 23:57
© Reuters. People’s Bank of China (PBOC) Deputy Governor Pan Gongsheng speaks next to PBOC Governor Yi Gang at a press conference in Beijing, China March 3, 2023. REUTERS/Florence Lo/File Photo
HONG KONG (Reuters) – People’s Bank of China (PBOC) Governor Pan Gongsheng said on Tuesday the central bank would keep monetary policy accommodative, while inflation was expected to be ‘going upwards’.
He also told the HKMA-BIS High-Level Conference in Hong Kong on Tuesday that there were green shoots emerging in China’s Purchasing Manager’s Index (PMI), which gauges business activity levels.
