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China’s Central Bank Turns to Niche Policy Tool to Boost Growth

  • Relending facility offers more targeted credit support
  • PBOC less likely to cut RRR, rate due to relending: economists
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WATCH: The PBOC is increasingly making use of one of its lesser known policy tools to support the economy. Enda Curran reports.(Source: Bloomberg)

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China’s central bank is increasingly making use of one of its lesser known monetary policy tools to support the economy, a move that analysts say suggests less need for broad policy action like interest rate cuts.