The regular meeting of the Monetary Policy Committee of the People's Bank of China is usually regarded as the "weathervane" of the monetary policy in the next stage.
The chief economist of CITIC Securities said that the strength of counter-cyclical adjustment is often big. In recent years, the counter-cyclical monetary policy often adopts more easy measures such as cutting interest rates, reducing reserve ratios, and increasing refinancing.
Mingming believes that the probability of interest rate cuts in the next few months is relatively high, and there is a possibility that the MLF (medium-term lending facility) interest rate will be lowered by 5 to 10 basis points on June 15 at the earliest.
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