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PBOC expected to inject more liquidity to fill 3 trillion yuan cash gap in January

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China's central bank on Wednesday announced it will cut banks’ reserve requirement ratio (RRR) by 50 basis points to release about 800 billion yuan long-term funding.

Analysts say that the liquidity is far from enough to fill a cash gap this month caused by surging local government bond sales and rising cash demand before the Spring Festival.

They believe the central bank will need to inject more funding through other policy tools such . . .

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