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The interbank certificates of deposit are "crazy," and expectations for further easing of monetary policy have increased.
1. Interbank deposit rates for various tenors have dropped significantly, with some periods falling by 20 basis points, marking the largest single-day decline in recent years. 2. PBOC Governor pan gongsheng stated that next year will adhere to a supportive monetary policy stance and increase counter-cyclical control efforts. 3. The 1-year interbank deposit rates may demonstrate signs of loose monetary policy.
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