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With nothing in the way of daily OMO..........>

CHINA
CHINA: With nothing in the way of daily OMO announcements from the PBoC we are
now on the lookout for at least a partial rollover of the maturing TMLF (any
announcement on this typically comes around 02:45 BST)
- Focus will fall on the rate applied to the facility. N.B. A 20bp cut to the
3.15% rate most recently applied to TMLF ops would move the rate in line with
that most recently applied to 1-Year MLF ops (and would be in line with recent
cuts to various key rates in the Chinese monetary space).
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com

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