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The PBOC may not conduct the targeted...>

CHINA PRESS
CHINA PRESS: The PBOC may not conduct the targeted medium-term lending facility
(TMLF) this week after adding liquidity by reverse repos, the China Securities
Journal reported on Thursday citing analysts. The CPI at the government's 3%
ceiling may constrain the use of TMLF, the newspaper said citing Xie Yunliang,
chief analyst at Minsheng Securities. Injecting large amount of medium- and
long-term liquidity at this time may drive down longer-term interest rate and
weaken the yuan, the newspaper cited an unnamed analyst as saying. The PBOC has
injected net CNY500 billion via 7-day reverse repos so far this week. 

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