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25 Aug 2016
China PBOC: Monetary policy bias remains unchanged
A string of headlines that crossed the wires last minutes, via MNI, from the Chinese central bank (PBOC) are found below:
Monetary policy bias remains unchanged
To keep reasonably ample liquidity
Current repos overly focused on overnight maturity
Tells banks to lend various maturities of repos to market
Mulls maturity of over 14d repo in OMO if necessary
Trying to add long term money to market
Trying to reduce maturity mismatch in market