Friday , September 18 2020
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China’s central bank hints at possibility of higher 2020 inflation target for more monetary leeway

Summary:
[unable to retrieve full-text content]Developing countries can set their annual inflation targets at 4 per cent or higher, the head of China’s central bank has said, possibly suggesting that China – which sees itself as a developing nation – is considering raising next year’s level to compensate for soaring pork prices.Yi Gang, the governor of the People’s Bank of China (PBOC), did not make a specific recommendation for next year’s consumer price index (CPI) target, but his discussion of appropriate inflation goals for different…

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[unable to retrieve full-text content]
Developing countries can set their annual inflation targets at 4 per cent or higher, the head of China’s central bank has said, possibly suggesting that China – which sees itself as a developing nation – is considering raising next year’s level to compensate for soaring pork prices.Yi Gang, the governor of the People’s Bank of China (PBOC), did not make a specific recommendation for next year’s consumer price index (CPI) target, but his discussion of appropriate inflation goals for different…

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