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PBOC May Inject MLF Liquidity Thursday: Securities Daily

CHINA PRESS
MNI (Sydney)

The PBOC is likely to roll over maturing MLFs with additional injections while keeping rates unchanged on Thursday, according to Securities Daily citing Wang Qing, the chief analyst with Golden Credit Rating. The added liquidity is to help commercial banks that have been forbidden to attract deposits through offering higher returns, Wang said. The PBOC will likely keep the MLF rate unchanged as the economy is already recovering, Wang said. CNY200 billion in MLF will mature on Friday, the Daily 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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