PBOC’s Yi: Will make prudent monetary policy flexible, targeted, reasonable and appropriate

The People’s Bank of China (PBOC) Governor Yi Gang reiterated on Thursday, the central bank will make prudent monetary policy flexible, targeted, reasonable and appropriate.

China's inflation is moderate overall, Yi added.

His comments come after the country’s factory-gate inflation climbed to 10.7% YoY, the highest level in 25 years. China’s Consumer Price Index rose just 0.7% YoY, missing expectations.