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CHINA PRESS: The PBOC will focus on increasing the use of structural monetary
policy tools and reducing the financing costs for business in the second half of
2019, the PBOC-run newspaper Financial News reported on Monday. This would
include the use of targeted reserve requirement ratio (RRR) cuts, targeted
medium-term lending facilities (MLFs), refinancing and rediscounting, the
newspaper said. The central bank's latest move to link the loan prime rate (LPR)
with the benchmark lending interest rate is expected to ease the financing
pressure on enterprises, the Financial News report said.