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The PBOC is likely to cut the reserve...>

CHINA PRESS
MNI (London)
CHINA PRESS: The PBOC is likely to cut the reserve requirement ratio in April
after the Q1 data release, or at the end of Q2, said Ming Ming, chief analyst at
CITIC Securities in a report published Monday. It is also necessary to lower the
policy interest rate to cope with both declining industrial profits and
deflation, Ming said. Monetary policy will continue with a loose bias, though
further relaxation could lead the yield on 10-year China Government Bond to fell
below 3% to 2.8%, Ming added.
MNI London Bureau | +44 203-865-3812 | les.commons@marketnews.com
MNI London Bureau | +44 203-865-3812 | les.commons@marketnews.com

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