Inflation Is Still The Top Priority, Say Wen And Zhou11 July, 2011, 16:41. Posted by Zarathustra
Tags: Economy, Wen Jiabao, Zhou Xiaochuan
On inflation, the policy makers in China have been quite schizophrenic of late
One day, Wen Jiabao said inflation is under control. The other day, Wang Qishan was less certain. One day, the governor of PBOC Zhou Xiaochuan said inflation is not the only target of the central bank.
Zhou Xiaochuan wrote on the latest edition China Finance magazine according to Reuters, saying that "The most prominent problem in macro-economic operations is the relatively big inflationary pressure and still-strong inflationary expectations". On the other side, Premier Wen Jiabao said fighting inflation remains the top priority on government’s website.
So, tightening or easing?