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The PBOC is likely to delay the cut.....>

CHINA PRESS
CHINA PRESS: The PBOC is likely to delay the cut in the  reserve requirement
ratio beyond this month and until Q2, according to a report in the Securities
Daily. The newspaper cited Wang Qing, chief macroeconomic analysts at credit
rating agency Dongfang Jincheng, who said the main driver for the PBOC decision
would be March money supply and credit growth data. If this was seen as too weak
for a rebound, the PBOC may instead consider cutting the RRR this month to
offset the maturity of medium-term lending facilities in mid-April. March money
supply and credit growth data is set for release between April 10 and 15, with
the precise date remaining uncertain.

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