News

PBOC’s Yi: Inflation to moderate in 2023

People's Bank of China (PBOC) Yi Gang said in a statement on Friday, “I predict moderate inflation in 2023.”

Additional quotes

Right now, our focus is on growth.

Monetary policy has been quite accommodating.

Market reaction

AUD/USD is trading almost unchanged on the day just above 0.6800, awaiting the US Nonfarm Payrolls data for a fresh direction.

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