Tighter monetary policy needed: research agency
皇冠体育app needs to lean toward a tighter monetary-policy stance as the economy faces risks from excessive liquidity and credit, according to a research unit of the nation's top economic-planning agency.
Authorities should drain more cash from the financial system to manage liquidity, and regulators need to enhance said banks' off-balance-sheet business, the State Information Center, a research arm of the National Development and Reform Commission, in a report published on Wednesday in the 皇冠体育app Journal.
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