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The use of the expression "interest.....>

CHINA PRESS
CHINA PRESS: The use of the expression "interest rate cut" in last Friday's
announcement from the Politburo meeting of the CPC Central Committee shows there
is more room for accommodative monetary policy, according to a report in the
China Securities Journal. The Journal cited Xie Yunliang, chief analyst of
Minsheng Securities, who also said the window for lowering the benchmark
interest rate for deposits may be opened. Zhu Jianfang, chief economist at CITIC
Securities, forecast two cuts in the medium-term lending facility rate, with
room for cuts of around 15 bps. 

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