The market expects the People's Bank of China to ease policy further over coming months, the Securities Times reported citing a survey of 76 industry insiders. The survey showed 61.8% of the respondents believe the central bank will introduce more structural monetary policy tools, with 52.6% expecting the PBOC to cut policy interest rates such as the rate of Medium-Term Lending Facility (MLF). The survey showed around 46% of respondents believe the PBOC may also lower the reserve requirement ratio. Around 38% of respondents expect the policy rate will remain unchanged, with the benchmark Loan Prime Rate continuing to decline.
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