Pboc

- A + A (June 27): The People’s Bank of China pledged to maintain a supportive monetary policy to aid the economy’s recovery from Covid outbreaks and lockdowns and other stresses. “The monetary policy will continue to be accommodative to support economic recovery in aggregate sense,” Governor Yi Gang said in an interview with state broadcaster China Global Television Network , according to a transcript released by the central bank on Monday. The central bank’s “high priorities” are to maintain stable prices and maximize employment, Yi said. It will also continue to focus on structural policies such as those supporting small businesses and green projects, he said. China’s “real interest rate is pretty low” after taking inflation into account, Yi said. The inflation outlook is stable, he said, with consumer prices rising 2.1% in May and producer prices increasing 6.4%. The PBOC has taken a modest approach to easing this year, as weak borrowing demand in the face … [Read more...] about PBOC to keep policy supportive for China economy, Governor says

Attached photo from the FB page of Rep. Pacquiao (Lawyer Jay Gerada (far right), Comelec provincial supervisor, and other members of the PBOC proclaims outgoing Sarangani Rep. Rogelio Pacquiao (second from right) as the winner in the province gubernatorial race) GENERAL SANTOS CITY – Deputy House Speaker and Sarangani Rep. Rogelio Pacquiao, younger brother of Senator Emmanuel “Manny” Pacquiao, was formally proclaimed Tuesday night as the newly elected governor of the province. The provincial board of canvassers (PBOC) led by election supervisor Jay Gerada convened around 6 p.m. at the Sangguniang Panlalawigan session hall for the proclamation following the competion of the canvassing of votes from 569 clustered precincts in the province’s seven municipalities. Pacquiao, the standard bearer of political party People’s Champ Movement (PCM), garnered a total of 166,249 votes, which represents 73.42 percent of the total votes cast for governor in Monday’s polls. His closest rival, … [Read more...] about Pacquiao brod proclaimed Sarangani governor