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CHINA
CHINA: MNI reports: More PBOC Easing Unlikely Soon As Levers Limited, USDCNY May
Not Break 7 Despite RRR Cut, according to 2nd CenBank Advisor.
The People's Bank of China's latest cut in banks' reserve requirements is
unlikely to be followed quickly by further easing moves, as it copes with
limited policy levers to boost real economy credit and tries to avoid
undermining the yuan, sources close to the central bank told MNI.
-See MainWire for full details.
MNI London Bureau | +44 203-865-3809 | edward.hardy@marketnews.com