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PBOC Seen Likely To Cut RRR In Q4

CHINA PRESS
MNI (Singapore)

The People's Bank of China will likely cut the reserve requirement ratio in Q4 to stabilise interbank liquidity, support credit expansion and lower the cost of banks, said Wen Bin, chief economist at China Minsheng Bank. A total of CNY2.4 trillion of medium-term lending facilities will mature this year, according to Wind Information. It is necessary to roll over the maturing MLFs with greater amounts and cut RRR, said Ming Ming, chief economist at CITIC Securities. (Source: Yicai)

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