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The 5bps reduction in the medium-term...>

CHINA PRESS
CHINA PRESS: The 5bps reduction in the medium-term lending facility (MLF) rate
by the PBOC yesterday sends a signal that the central bank may ease monetary
policy further to help stabilize economic growth and the labour market, China
Securities Journal reported on Wednesday. Citing analysts, the Journal's report
said the monetary easing is likely to be marginal and conducted at a slow pace,
given that market rates are currently not high and the PBOC also needs to manage
the currency, inflation and the goal of structural de-leveraging. 

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