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CHINA PRESS: The market is expecting a further reserve requirement ratio cut by
the end of this year and an interest rate cut for the year ahead, 21st Century
Business Herald said Friday, citing Shen Jianguang, chief economist at JD
- The corporate financing rate is relatively high, and the downward pressure on
the economy will continue into next year. Thus, the central bank is likely to
guide the money market rate down, by adjusting the 7-day repo rate. The
Medium-term Lending Facility rate and Standing Lending Facility rate will also
be lowered, the newspaper said, citing Shen.
(Link to the story: https://bit.ly/2zWxJ5z)