PBoC to cut reserve requirement by 50bp in March: Danske Bank

Quotes from Danske Bank:

-Looking ahead, we expect PBoC to cut the reserve requirement by 50bp in March, but we do not expect PBoC to cut the leading interest rates again.

-The recent capital outflow and the PBoC's intervention in the FX market has increased the likelihood that the reserve requirement will be cut by more to neutralise the negative impact on liquidity.