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PBOC May Cut Rate, RRR In Q2 - Analyst

CHINA PRESS
MNI (Singapore)

The People’s Bank of China will likely cut the reserve requirement ratio and the medium-term lending facility rate in Q2, said Wang Qing, chief macro analyst at Golden Crediting Rating. PBOC Governor Pan Gongsheng signaled further RRR cuts last week after pointing out the current 7% average. Lian Ping, chairman of the China Chief Economist Forum said the PBOC may further increase pledged supplementary loans to meet the funding needs of the “three major projects” including affordable housing. The expanded use of structural tools will also bring about aggregate expansion, Lian added. (Source: Economic Information Daily)

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