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China May Still Lower Reserve Ratios In April: Daily

CHINA PRESS
MNI (Singapore)

The People’s Bank of China may still cut reserve requirement ratios (RRR) in April and step up monetary policy support given a likely weakened economic performance in March, the Securities Daily said citing analysts. The yuan has remained relatively strong and cross-border capital flow has been overall stable, supporting a possible RRR cut, it said. The central bank has this week consistently added net liquidity injections to stabilize funding costs and support the real economy, the newspaper said.

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