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The PBOC will continue to use...........>

CHINA PRESS
CHINA PRESS: The PBOC will continue to use structural monetary policy tools such
as targeted cuts to the reserve requirement ratio and medium-term lending
facilities to encourage the refinancing of private and small companies,
Securities Daily reports. Citing Wang Qing, chief macroeconomic analyst at
credit rating agency Dongfang Jincheng, the Daily's report says the PBOC could
also further expand the rediscount quota. Wang said rates for the medium-term
lending facility and 7-day reverse repos are expected to be lowered, which would
in turn guide the one-year Loan Prime Rate lower. 

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