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China Seen Pursuing Monetary Easing in Early 2022: Daily

CHINA PRESS
MNI (Singapore)

The PBOC is likely to introduce certain monetary easing early next year to boost growth and switch to moderate tightening if the economy gets stronger in H2, emphasizing the “flexibility” of the monetary policy, the Economic Information Daily reported citing analysts. There will be a window for RRR cuts and interest rate cuts in 2022 considering the growth pressure, the daily said citing Wen Bin, chief researcher of China Minsheng Bank. Structural monetary policy tools such as carbon emission reduction support and SME refinancing will play an important role next year in guiding credit to areas with potential for quality development, the newspaper said.

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