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PBOC Seen Refraining from RRR Cuts in January: YiCai

CHINA PRESS

The PBOC may be less likely to conduct wide RRR cuts in January after recent MLF operations eased a tightness following the defaults on several SOE-owned bonds and recent pressure on structured deposits, YiCai reported citing Wang Qing, an analyst with Golden Credit Rating. The central bank is unlikely to hike rates as doing so may raise financing costs and reduce investment and consumption, YiCai reported citing Yan Se, an economist from Founder Securities.

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