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The PBOC has no plan for a targeted.....>

CHINA PRESS
MNI (London)
CHINA PRESS: The PBOC has no plan for a targeted reserve requirement ratio cut,
according to the PBOC-run Financial News, combating rumours suggesting the
central bank will cut the RRR by one percentage point for rural commercial banks
and rural credit cooperatives from April 25. Also, media reports saying banks
will be allowed to adjust RRR based on the results of quarterly macro-prudential
assessment (MPA) are not true, the newspaper said citing the PBOC. The PBOC
noted that it will only make adjustment based on MPA at the beginning of the
year, not quarterly, the paper said.
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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