China cbank governor expects inflation to be below 2% this year By Reuters

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© Reuters. FILE PHOTO: The Chinese national flag flies at half-mast at the headquarters of the People’s Bank of China, the central bank (PBOC), as China holds a national mourning for those who died of the coronavirus disease (COVID-19), on the Qingming tomb-sweeping

SHANGHAI (Reuters) – China’s central bank governor Yi Gang said he expects the country’s annual average inflation to be below 2% this year, while cautioning against both inflationary and deflationary pressure amid economic and macro policy uncertainty.

China will stick with implementing normal monetary policy, and will focus on the impact from structural changes on prices, Yi told a financial forum in Shanghai.

China will also actively use structural monetary policy tools to support green transformation of the economy, Yi said.

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