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PBOC Likely To Roll Over All CNY1 Trillion MLF - Journal

CHINA PRESS
MNI (Singapore)

The People’s Bank of China is expected to roll over the maturing CNY1 trillion medium-term lending facility with the same amount on Tuesday, which will plug a liquidity gap amid upcoming tax payments, China Securities Journal reported citing analysts. The maturing amount of interbank certificates of deposit and the net payments of government bonds will also be significantly higher than those of the previous week, the newspaper said citing analysts. Apart from renewing MLFs, the PBOC may also increase short-term liquidity injections as a continuous tightening liquidity is not in line with the direction of monetary regulation, the newspaper said.

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The People’s Bank of China is expected to roll over the maturing CNY1 trillion medium-term lending facility with the same amount on Tuesday, which will plug a liquidity gap amid upcoming tax payments, China Securities Journal reported citing analysts. The maturing amount of interbank certificates of deposit and the net payments of government bonds will also be significantly higher than those of the previous week, the newspaper said citing analysts. Apart from renewing MLFs, the PBOC may also increase short-term liquidity injections as a continuous tightening liquidity is not in line with the direction of monetary regulation, the newspaper said.