The PBOC may cut RRRs for banks in......>

CHINA PRESS: The PBOC may cut RRRs for banks in June or July in exchange for

other demand, China Securities Journal said Tuesday. 

- The central bank is expected to increase liquidity injection in June or July

to relieve seasonal liquidity shortages, said the newspaper; 

- Financial regulations and forex purchase are expected to affect liquidity in

the next two months, the newspaper said; 

- Banks may be required to increase their required reserves as they are expected

to increase deposits at the end of the quarter, the newspaper said; 

- Money supply won't change significantly: the journal said.