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The PBOC could adopt a loosening bias...>

CHINA PRESS
CHINA PRESS: The PBOC could adopt a loosening bias for monetary policy if
further external headwinds weigh on the economy, according to a report in the
Economic Daily on Friday. The newspaper cited Chen Yi, a senior researcher in
the Financial Research Center at the Bank of Communications, who said it was
necessary for the PBOC to fill in the short term liquidity gap given the
maturity of CNY156 billion in medium-term lending facilities and a drain of
seasonal fiscal funds in May. In the long term, the maturity of more than CNY3
trillion of MLFs could also require supplementary liquidity, according to Chen.
.
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