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The PBOC signaled its intention to ensure rising liquidity demanded by more local government bond sales, tax remissions and large maturing MLFs, even as the probability of RRR cuts has declined, the Shanghai Securities News reported citing market participants. The central bank injected CNY100 billion on Wednesday, the first time since the end of September when it for multiple days pumped CNY100 billion to ensure inter-season funding needs, the newspaper said. While the central bank kept LPRs unchanged on Wednesday, it may still lower the lending benchmark in Q4 by as much as 0.1 pp to spur the demand of the real economy and help SMEs, the newspaper said citing analyst Wang Qing of Golden Credit Rating.