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Tight interbank liquidity will be.......>

CHINA PRESS
CHINA PRESS: Tight interbank liquidity will be normal, at least until Chinese
New Year, due to restrictions on interbank and off-balance-sheet transactions
and expectations of Federal Reserve will hike rates, the China Securities
Journal reported Wednesday citing Yin Jianfeng, vice-director of the National
Institution for Finance and Development, an official agency run by the Chinese
Academy of Social Sciences. The current excessively high required reserve ratio
has resulted in large commercial bank liabilities being held at the central
bank, requiring the People's Bank of China to inject liquidity into the
interbank market, Yin argued. A RRR cut would be the basic solution to the
liquidity problem, he said. (China Securities Journal)

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