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China’s central bank releases nearly 2 trillion yuan in temporary liquidity

China’s cardinal bank said on Friday that it has released temporary liquidity importance almost 2 trillion yuan ($316.28 billion) to satisfy cash enquire before the long Lunar New Year holidays.

The People’s Bank of China had preceded in December that it would allow some commercial banks to the meanwhile keep less required reserves to help them cope with the sombre demand for cash ahead of the festivities, which begin later next week.

Interbank liquidity ties will remain reasonably stable, the PBOC said on its official microblog.

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