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21st Jun 2022 00:00China+, Daily Monitor

Policy rates remain on hold in China, alongside a broader pause in monetary easing.

More accommodative policy seems unlikely to drive growth, given lacklustre credit demand.

Monetary policy needs fiscal help, if it is to regain traction, and not add to financial risks.

bond issuance credit deposits fiscal policy fiscal stimulus government June lending growth liquidity liquidity injections loans May mlf monetary policy pboc policy policy rates policymakers q1 rate cuts us vehicles

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Keywords for: Monetary Policy Remains On Hold in China, Despite the Slowdown

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