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MNI BRIEF: PBOC To Introduce Additional Measures For Economy

MNI (BEIJING ) - The People's Bank of China will introduce additional measures to reduce funding costs and maintain moderate price increases in a bid to create a favorable monetary environment for the economic recovery, according to a statement published on its website Friday evening.

The Bank will support fiscal policies so they have a stronger impact, focusing on expanding domestic demand and boosting consumption. It will use additional tools to eliminate outdated production capacity, promote industrial upgrading and a deepening of financial service innovation, it said.(see:MNI: PBOC Seen Cutting Repo Rate Soon, Boosting Bond Trades)

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MNI (BEIJING ) - The People's Bank of China will introduce additional measures to reduce funding costs and maintain moderate price increases in a bid to create a favorable monetary environment for the economic recovery, according to a statement published on its website Friday evening.

The Bank will support fiscal policies so they have a stronger impact, focusing on expanding domestic demand and boosting consumption. It will use additional tools to eliminate outdated production capacity, promote industrial upgrading and a deepening of financial service innovation, it said.(see:MNI: PBOC Seen Cutting Repo Rate Soon, Boosting Bond Trades)

Keep reading...Show less