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By using its targeted medium-term.......>

CHINA PRESS
MNI (London)
CHINA PRESS: By using its targeted medium-term lending facility (TMLF) instead
of cutting the reserve requirement ratio (RRR), the PBOC has indicated a
marginal tightening of monetary policy, while fiscal policy remains loose, the
Securities Times said in a commentary piece Thursday. The PBOC intends to lower
long-term interest rates to underpin economic growth by using TMLF, while
cutting RRR at this point may push short-term interest rates lower and put
upward pressure on the asset prices, the paper said.
MNI London Bureau | +44 203-865-3812 | les.commons@marketnews.com
MNI London Bureau | +44 203-865-3812 | les.commons@marketnews.com

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