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6/27, 1:06 PM (Source: TeleTrader)
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China's central bank says inflation outlook stable

The People's Bank of China confirmed on Monday that the country's inflation outlook remains stable, noting interest rates are "pretty low" considering the strength of the consumer prices increase.

Governor of the Chinese central bank, Yi Gang, also added that the bank would maintain the "accommodative" monetary policy to support the economic recovery from coronavirus-related lockdowns.

China's annual inflation jumped to 2.1% in May, according to a report published by the National Statistics Bureau earlier this month, with the central bank leaving its key interest rate at 3.7%.

Baha Breaking News (BBN) / ND