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PBOC Seen Keeping Loose Stance to Support Growth: Journal

CHINA PRESS
MNI (Singapore)

The People’s Bank of China is likely to keep a looser policy to support growth with cutting rates or banks’ reserve ratios remaining possible, the China Securities Journal said citing unidentified analysts. For this week, the central bank's task may be to prevent excessive liquidity and make smaller injections given less maturing MLFs, smaller government debt issuances and tax remissions, the newspaper said. Short-term money market rates may still continue to drop as more funds flow back to banks after the Lunar New Year holiday ended, the journal said.

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