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PBOC To Increase Liquidity Injections This Week-Journal

CHINA PRESS
MNI (Singapore)

The People’s Bank of China will increase injections via open market operations this week to keep mid-year liquidity stable, the China Securities Journal reported citing analysts. The current liquidity in the banking system is still at a high level and increased fiscal spending and allocated local government special bonds at the month-end will help supplement the liquidity, the newspaper said citing analysts. There won’t be a large liquidity gap into July even when the tax season comes, as accelerated fiscal expenditure will help filling in any gap, the newspaper said citing analysts.

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