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PBOC May Add Liquidity in May: Journal

CHINA PRESS
MNI (Singapore)

The PBOC may expand liquidity in May to fill in a gap of CNY1 trillion due to the upcoming local government special bond issuances and tax remissions, the China Securities Journal reported citing analysts. The PBOC is more likely to use reverse repos than MLFs, the newspaper reported citing analysts. The PBOC has maintained stable liquidity through small daily injections in the scale of CNY10 billion for two months.

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