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20th Feb 2023 15:17China+, Daily Monitor

  • The LPRs were unchanged this month, while the PBoC met short-term liquidity needs via injections.
  • Current credit demand is probably dominated by policy-supported infrastructure investment.
  • More support likely will be needed to lift private sector credit demand during the reopening.

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Keywords for: 21 Feb 2023 China+ Monitor

Pantheon Macro, Pantheon Macroeconomics, independent macro research, independent research, ian shepherdson, economic intelligence