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PBOC To Support Credit Expansion With Renewed MLFs - Journal

CHINA PRESS
MNI (Singapore)

The People’s Bank of China’s roll-over of a maturing CNY500 billion medium-term lending facilities with the same amount on Monday will provide commercial banks with ample liquidity to increase lending in Q4 and signals increased support for the real economy, China Securities Journal reported citing analysts. The PBOC had renewed MLFs but with a reduced amount in August and September, the newspaper said. Considering the large amount of MLFs due to mature in November and December, the PBOC may implement structural monetary tools and cut the reserve requirement ratio slightly to fill the liquidity gap, the newspaper said citing Wen Bin, chief economist of Minsheng Bank.

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