PBOC says China shouldn’t be ’Blindly Optimistic’ on inflation


China can’t be “blindly optimistic” about its inflation outlook at a time when uncertainties remain in areas such as property and farm produce prices, the country’s central bank said. China will continue to pursue a prudent monetary policy to keep prices stable, the People’s Bank of China said in its first-quarter monetary policy implementation report. The bank will also further push forward interest-rate liberalization and reform of mechanisms for forming the yuan’s exchange rate, according to the report.

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