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China March Liquidity to Remain Sufficient: News

CHINA PRESS
MNI (Sydney)

Liquidity in China's money market in the second half of March is likely to remain plentiful as fiscal expenditure rises, driving rates lower, the Shanghai Securities News reported citing Ming Ming, deputy director of CITIC Securities Research Institute. The PBOC is likely to continue to prioritize stability after injecting CNY100 billion by MLF on March 15, which replaces the same amount of MLF expiring on Tuesday, while leaving rate unchanged at 2.95%, the newspaper said. The MLF rate is likely to remain unchanged in Q2, the report said.

MNI Sydney Bureau | +61-405-322-399 | lachlan.colquhoun.ext@marketnews.com
MNI Sydney Bureau | +61-405-322-399 | lachlan.colquhoun.ext@marketnews.com

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