PBoC Chief Says Developing Nations Can Target Inflation Slightly Above 2%
Published: 23/09/2009 02:39 am (EST)
(RTTNews) - Developed nations can target inflation rate of around 2%, People's
Bank of China's Governor Zhou Xiaochuan reportedly said Wednesday. According to
the transcript of an interview posted on state radio's website, Zhou said
developing nations can target a slightly higher rate.
Chinese consumer prices in August had declined 1.2% in August compared to an
annual growth of 4.8% in the same period of previous year.
