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China Monetary Policies Unaffected by Declining CPI: Daily

CHINA PRESS
MNI (Sydney)

China's monetary policies are not likely to be influenced by the near-zero inflation given that food prices rather than monetary contractions are driving the weak consumer prices, the Economic Daily reported on Friday citing Liu Xuezhi, a researcher from the Bank of Communications. Policymakers should focus on precise structural policies to further support the recovery of demand, the Daily reported citing Wen Ben, an analyst from China Minsheng Bank. The PBOC will use various interbank operations to maintain ample fluidity and to ensure the reasonable growth of the money supply and social financing, according to Sun Guofeng, the head of the PBOC's Monetary Policy Department.

MNI Sydney Bureau | +61-405-322-399 | lachlan.colquhoun.ext@marketnews.com
MNI Sydney Bureau | +61-405-322-399 | lachlan.colquhoun.ext@marketnews.com

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