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Reverse repo has become the norm for....>

CHINA PRESS
MNI (London)
CHINA PRESS: Reverse repo has become the norm for the PBOC's open market
operation this year, but it does not mean that the prudent and neutral monetary
policy has changed, and there is unlikely to be a large scale easing in the
future, the Financial News, known as the central bank's mouthpiece, said Friday.
- The PBOC has injected a net CNY520 billion via reverse repo over five
consecutive days, which, along with other tools like refinancing and rediscount,
is expected to offset any short-term tighter liquidity conditions due to the
October tax period, the newspaper said.
(Link to the story: https://bit.ly/2SkqZqf)
MNI London Bureau | +44 203-865-3812 | les.commons@marketnews.com
MNI London Bureau | +44 203-865-3812 | les.commons@marketnews.com

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