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MNI China Liquidity Survey: PBOC Keeps........>

CHINA
CHINA: MNI China Liquidity Survey: PBOC Keeps Liquidity Ample In Nov
- PBOC Skips Daily Reverse Repo Operations On Weak Yuan Concerns
- Benchmark Seven-day Repo Rate To Stay Low On Adequate Liquidity
- Liquidity remained ample across China's interbank market in
November, despite the People's Bank of China refraining from reverse repo
operations for 24 straight trading days, with 12 out of 17 traders in the latest
MNI China Liquidity Survey seeing conditions unchanged from October.
- The Survey shows 70.6% of respondents saw liquidity unchanged, up from
53.3% in October, where conditions were already deemed quite loose. But there
was some divergence from last month's reading, with 17.6% of participants seeing
conditions tighten, up from zero.
- The economic outlook remains gloomy, with 9 of the 17 traders, 52.9%, saying
current economic conditions have deteriorated.
- For more see email at 0700GMT or contact us

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