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PBOC Expected To Keep Injecting Liquidity At Month-end - Journal

MNI (Singapore)

The People’s Bank of China is likely to maintain liquidity injections via reverse repo operations to keep month-end liquidity reasonably ample and stabilise money market interest rates, the China Securities Journal reported citing analysts. The PBOC has injected net liquidity over the past seven trading days and the net injection of CNY173 billion on Tuesday was the highest since the end of February, the newspaper said. The market is relatively short of long-term funds as the end of Q3 and the week-long National Day holiday in early October approaches. Increasing the supply of funds can stabilise market expectations and reduce the need for precautionary funds, the newspaper said citing analysts.

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