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MNI (Sydney)

The PBOC may lower banks' RRRs twice in H2 by a total of 50 bps and

cut the MLF rate by 20 bps to meet the targets of CNY20 trillion in new

loans and CNY30 trillion in social financing to consolidate

the economic recovery, the 21st Century Business Herald reported. Citing

Liu Ligang, Chief China Economist at Citibank, the report said that China's monetary

policy should continue to be loose in H2 as the current

recovery is still fragile with concerns about PPI deflation,

high corporate financing costs and the wide spread in interest rates

between China and other major economies.

MNI Sydney Bureau | +61-405-322-399 |
MNI Sydney Bureau | +61-405-322-399 |

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