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The PBOC should hold the decision to....>

CHINA PRESS
CHINA PRESS: The PBOC should hold the decision to cut reserve requirement ratio
until the first-quarter economic data is known as well as considering the
liquidity condition and interest rates, the Economic Information Daily said on
Tuesday citing Sheng Songcheng, a former advisor to the central bank, who
responded to speculation that RRRs may be cut this month. Cutting RRRs when the
economy is still stabilizing may risk inflation and cause excess liquidity to
speculate on real estate, the newspaper said citing Sheng. China is scheduled to
release Q1 data on April 17, according to the National Bureau of Statistics. 

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