Yi Gang, the governor of the People’s Bank of China (PBOC), said China’s inflation was at a moderate level. Photo: EPA-EFE
China’s central bank hints at possibility of higher 2020 inflation target for more monetary leeway
- Central bank governor Yi Gang said in a signed article that inflation targets at 4 per cent or higher were appropriate for developing countries
- Soaring pork prices are putting significant upwards pressure on China’s 3 per cent inflation target for this year
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China economy
Yi Gang, the governor of the People’s Bank of China (PBOC), said China’s inflation was at a moderate level. Photo: EPA-EFE