The PBOC is unlikely to increase the....>

CHINA PRESS: The PBOC is unlikely to increase the open market operation interest

rate after the U.S. Fed increases its benchmark interest rate, China Securities

Daily said Thursday. 

  - "Liquidity in the banking system is at a relatively high level," according

to the PBOC on Wednesday, which means there is no need to continue to inject

liquidity this week, leaving no room for OMO interest rate adjustments; 

  - High fiscal spending this month, the weakening impact of government bond

issuance and reverse repo maturities also make it unnecessary to conduct OMO

injections, the newspaper said; 

  - China and the U.S.'s economic policies cannot be managed at the same pace,

as China's monetary policy currently lacks the foundation to be changed and as

the gap between China's OMO rate and market interest rate is very small, the

Journal said.