The coronavirus outbreak in China is putting pressure on price stability because production has been delayed but it will not lead to large-scale inflationary pressures, according to China’s central bank. The People’s Bank of China’s stance is unchanged and it will maintain prudent monetary policy, Deputy Governor Fan Yifei said at a press conference in Beijing Saturday. The central bank is confident the effects of the outbreak can be dealt with and that the economy can be kept stable, and it urged investors to avoid irrational sentiments in financial markets, according to a statement released before the briefing. ... (full story)