The PBOC expects consumer price inflation to pick up later
this year but there is no basis for long term deflation or
inflation in the country, Zou Lan, head of the monetary policy
department at PBOC, said at a news conference in Beijing.
(Reporting by Kevin Yao and Ellen Zhang; editing by Jason
Neely)
BEIJING, April 20 (Reuters) - China's consumer demand
recovery needs time to pick up due to the "scarring effect" of
COVID-19 and the central bank will consolidate its financing
support for the real economy, officials from the People's Bank
of China (PBOC) said on Thursday.
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