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PBOC Likely To Cut RRR In Q3

CHINA PRESS
MNI (Singapore)

The People’s Bank of China will likely cut the reserve requirement ratio in Q3 to fill the funding gap amid increased maturity of medium-term lending facilities since August and accelerated issuance of government bonds, Securities Daily reported citing Li Chao, chief economist at Zheshang Securities. The PBOC may cut interest rates in Q3 to accelerate credit supply, said Wang Qing, chief macro analyst at Golden Credit Rating, noting further reduction in the policy interest rate in Q4 cannot be ruled out depending on economic and price conditions.

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