The People's Bank of China: Prices will maintain a moderate upward trend

On May 10, the central bank released its first-quarter monetary policy implementation report, which stated that prices will maintain a moderate recovery trend. The fundamental reason for the current low price is the lack of demand in the real economy and the imbalance between supply and demand, rather than the lack of money supply. In the first quarter of this year, with the continuous improvement of economic data, price indicators also rebounded significantly. CPI turned from negative to positive year-on-year. It is expected that it will continue to rise moderately during the year, and the decline in PPI will also converge. In the medium and long term, China is in a critical period of economic transformation and industrial upgrading. Supply and demand conditions are expected to continue to improve. Monetary conditions are reasonable and moderate. Residents' expectations are stable. Prices remain basically stable and have a solid foundation.