MONEY LIVE | China tops forecasts with 8.1% growth in 2021 but headwinds loom | Fin24

Breaking news in business and markets.

2022-01-17 03:25:00 PM

MONEY LIVE | China tops forecasts with 8.1% growth in 2021 but headwinds loom -

Breaking news in business and markets.

12 January 12:55Global markets have endured a torrid start to the year after minutes from the bank's December meeting revealed a hawkish tilt by officials spooked by months of stubbornly high price rises that many fear could hit consumers and ruin the growth rebound.

He said the economy was on a strong footing, and with inflation rising and employment recovering,"the economy no longer needs or wants the very highly accommodative policy".The comments were taken by traders to be less hardline than feared, suggesting recent fears about a swift removal of easy-money measures may have been overdone.

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