The PBOC should use more monetary.......>

CHINA PRESS: The PBOC should use more monetary policy tools to underpin economic

growth as the economy stabilizes, the Securities Daily said in an op-ed Tuesday.

The PBOC should establish a policy framework to implement a lower reserve

requirement ratio (RRR) for small and medium-sized banks, use the targeted

medium-term lending facility (TMLF) to replenish liquidity to the market in a

timely manner, and use substitutional RRR cuts to ease the pressure on some

financial institutions due to MLF operations, the newspaper said.

-- Of note, the PBOC injected nearly CNY270 billion in TMLFs Weds, just the

second time its used the facility, although the total came below that expected

by many market traders.