How likely is it that there will be a reduction in reserve requirements in December?

On December 6, Wang Qing, the chief macro analyst at Dongfang Jincheng, stated that although the peak of local bond issuance in November has passed, with a focus on supporting banks to increase their credit lending capacity and continuously releasing signals for steady growth, the central bank will cut interest rates by 0.25-0.5 percentage points before the end of the year. This can also take into account arrangements for liquidity during Spring Festival. Wang Qing stated that before the end of the year, banks will increase credit lending to real economy entities and there is room for lowering loan interest rates for both enterprises and residents.