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The People's Bank of China announced Friday...>

CHINA
CHINA: The People's Bank of China announced Friday that it will set up a
"temporary required reserves usage arrangement." The measure will allow
commercial banks that suffer a temporary liquidity crunch during the Chinese
News Year season to temporarily take out and use no more than two percentage
points of their required reserves parked in the PBOC for a period of 30 days.
The central bank explained the move is for maintaining the stability of money
markets, considering the current liquidity demands of banks. 

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