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The PBOC is unlikely to loosen..........>

CHINA PRESS
CHINA PRESS: The PBOC is unlikely to loosen monetary policy given rising
inflationary pressures, and is instead expected to use tools such as targeted
reserve requirement ratio cuts to stimulate the real economy, Securities Times
said in a front page commentary on Tuesday. The Times says the cuts are expected
to be used with refinancing measures to help the economy in areas impacted by
the coronavirus epidemic. Short-term liquidity injected by the PBOC recently
aims to smoothen financial market fluctuations temporarily, but the main goal of
monetary policy should be to serve the real economy, the commentary said.
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