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A commentary piece in China's Security........>

CHINA
CHINA: A commentary piece in China's Security Journal noted that the PBoC may
cut reverse ratio requirements for some banks, and lower the rates of
medium-term lending facilities or reverse repurchase as early as this month.
- N.B. the 14 May will see CNY200bn worth of MLF mature, so a reverse repo rate
cut could come before this and pre-empt such a move (if the recent past is
anything to go by).
- Targeted RRR cuts could come at any time, although there will always be a
focus on Friday, after market/weekend moves.
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com

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