PBOC: Tighter policies may be needed to fight inflation
23 June 2008
Central bank governor Zhou Xiaochuan said his organization may implement stronger policies to fight inflation caused by last week's fuel-price hike, Bloomberg reported. "Surely higher energy prices will send some pressure to the consumer price index, so we may have stronger policies against inflation,'' he said in New York. He also said that although inflation in China had slowed last month, it was unclear whether the trend would continue. "It's hard to say whether inflation will continue to ease for the rest of the year." Zhou was in the US to attend the US-China Strategic Economic Dialogue in Maryland.