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MNI BRIEF: PBOC Mulls New Tools Targeting Consumption

MNI (BEIJING) - The People’s Bank of China plans to introduce new targeted tools to provide low-cost funding for key consumption sectors, an official told reporters on Monday. 

Che Shiyi, head of the credit policy department of the Bank, said the PBOC will utilize a mix of tools such as reserve requirement ratio (RRR) reductions, relending and rediscount facilities and open market operations to maintain ample liquidity according to domestic and international conditions. (See:MNI INTERVIEW: Low Inflation Gives Room For More China Easing)

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MNI (BEIJING) - The People’s Bank of China plans to introduce new targeted tools to provide low-cost funding for key consumption sectors, an official told reporters on Monday. 

Che Shiyi, head of the credit policy department of the Bank, said the PBOC will utilize a mix of tools such as reserve requirement ratio (RRR) reductions, relending and rediscount facilities and open market operations to maintain ample liquidity according to domestic and international conditions. (See:MNI INTERVIEW: Low Inflation Gives Room For More China Easing)

Keep reading...Show less