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PBOC sees inflation pressure easing

07-28-2010 08:57 BJT

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The People's Bank of China says inflationary pressure eased in the second quarter, and is expected to continue slowing.

The Consumer Price Index, grew 2.9 percent in June month on month, slower than in June last year. The central bank says CPI growth will also slow in July, indicating easing pressure on inflation.

The report also says the eurozone debt crisis has made the external environment much more complex, and that China's economic growth will slow. Domestic demand needs to grow steadily, while external needs are in the recovery phase.

Editor:Xiong Qu |Source: CNTV.CN

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