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Just worth noting that the 20bp cut to the....>

CHINA
CHINA: Just worth noting that the 20bp cut to the interest rate applied to the
PBoC's 14-day reverse repo ops looks like more a legacy matter to reflect the
most recent moves in MLF rates and the like. At a quick glance this was the
first round of 14-day reverse repo ops conducted by the PBoC since early Feb.
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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