China state media says that the expectation of a RRR cut from the PBOC in Q4 has fallen

Newswires citing a People's Bank of China-backed paper.

• The expectation of a Reserve Ratio Requirement cut in Q4 has eased

There had been some expectations of an RRR cut last Friday. We got a MLF conducted instead. RRR cut forecasts are quite frequent but rarely come to fruition.