First, the statement regarding the inflation trend in the minutes, if it mentions that "the pace of inflation decline is slower than expected," it may strengthen the hawkish stance and suppress the market's optimistic expectations for interest rate cuts. The second is a discussion about economic resilience; if it implies that "the economy still has overheating risks," it may mean that the timing for interest rate cuts could be delayed.
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Tonight, we need to focus on two main directions:
First, the statement regarding the inflation trend in the minutes, if it mentions that "the pace of inflation decline is slower than expected," it may strengthen the hawkish stance and suppress the market's optimistic expectations for interest rate cuts.
The second is a discussion about economic resilience; if it implies that "the economy still has overheating risks," it may mean that the timing for interest rate cuts could be delayed.