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The head of the People's Bank of China (PBOC)'s research department, Lu Lei , had comments reported in the official Securities Times newspaper on Saturday:
- He told a forum in Beijing on Friday that China's current monetary policy is appropriate
- But that liquidity management is increasingly important in the face of high funding costsHe said next year could see more policy adjustments to reduce funding costs, buttressed by the creation of new financial products and services
More at Reuters, here
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