In view of the persistence of deflation, we expect one 27bps interest rate cut in 2Q09 and further RRR cuts if warranted by liquidity need.

 
  • 考虑到通货紧缩的持续性,我们预计09年二季度利率会降低27个基本点,如果有流动性需求做保证,相对风险比率差(RRR)也会进一步降低。
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