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The tight liquidity situation in the....>

CHINA PRESS
CHINA PRESS: The tight liquidity situation in the interbank market will ease
this month as the People's Bank of China continues its injections via its open
market operations at a flexible pace and fiscal spending is expected to
increase, the Financial News, a journal controlled by the central bank, reported
Tuesday. The volatility of liquidity increased in the third quarter due to
seasonal and temporary reasons, but the PBOC has enhanced its communications
with the market and strengthened the fine tuning of its policy. As a result, it
has maintained liquidity at a neutral and proper level, the report argued. The
central bank will continue to conduct 7-day reverse repo operations, combining
with 14-day, 28-day and 63-day reverse repos, to guarantee the stability of the
interbank market, the report noted. (Financial News)

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