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PBOC Likely to Increase Liquidity in April: Journal

CHINA PRESS
MNI (Sydney)

The PBOC is likely to inject more liquidity in April via reverse repos and medium-term lending facilities to meet demand for tax payments and the issuance of local government debts, the China Securities Journal reported citing analysts. There will be a liquidity gap around CNY300 billion in the banking system if the PBOC doesn't make any injections, the newspaper said citing Sun Binbin, analyst at Tianfeng Securities. The PBOC has made no net injections in the past three weeks, the newspaper said.

MNI Sydney Bureau | +61-405-322-399 | lachlan.colquhoun.ext@marketnews.com
MNI Sydney Bureau | +61-405-322-399 | lachlan.colquhoun.ext@marketnews.com

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