March 22, 2020 / 2:47 AM / 13 days ago

China cbank official says outbreak's upward near-term pressure on consumer prices to persist

BEIJING, March 22 (Reuters) - A Chinese central bank official said on Sunday that upward near-term pressure on consumer prices due to the coronavirus is expected to persist, but said the pressure would ease gradually and there was no basis for long-term inflation or deflation.

Chen Yulu, deputy governor of the People’s Bank of China (PBOC), also told a press briefing that previous policy measures to cope with virus impact had achieved significant results. (Reporting by Kevin Yao; Editing by Sam Holmes)

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