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The People’s Bank of China will need to flexibly use monetary policy tools including reserve-requirement-ratio cuts, open market operations and medium-term lending facilities to ensure ample liquidity in the country’s banking system, a senior central bank official said Friday.
The PBOC will guide banks to adjust rates on outstanding mortgages and support lenders to control the cost of liabilities, Zou Lan, head of the monetary policy department at the central bank, said at a press conference.
Zou…
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