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PBOC Seen to Maintain Loose Credit, RRR Cut Possible: Daily

CHINA PRESS
MNI (Singapore)

The People's Bank of China is likely to boost liquidity through the end of the year by more reverse repurchases and increased medium-term lending facilities, the Economic Information Daily said citing analyst Wang Qing of Golden Credit Rating, who commented following the central bank's CNY50 billion net injection on Wednesday. The PBOC may also cut lenders' reserve requirement ratios by the end of the year should it want to release dovish pro-growth signals, further promote the rebound of credit and social financing and reduce the economy's costs of financing, said the newspaper owned by Xinhua News Agency.

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