FAP, 12 Jun (Xinhua)-- the regular meeting of the Monetary Policy Committee of the people's Bank of China is usually regarded as a "weather vane" of monetary policy in the next stage. Although there is only an one-word difference between the two, there is a significant difference in connotation. Ming Ming, chief economist of Citic Securities, said that cross-cyclical regulation focuses on a longer time dimension and does not overdraw monetary policy space, leaving room for the future, so the intensity of monetary policy in the intercyclical adjustment stage is often more moderate, mainly based on the use of structural monetary policy tools. Counter-cyclical adjustment tends to be stronger. In recent years, for example, counter-cyclical monetary policy tends to adopt more active easing measures such as cutting interest rates, cutting reserve requirements, increasing re-lending and so on. Combined with the policy tone of strengthening countercyclical adjustment, it is clearly believed that there is a high probability of interest rate cuts in the next few months, and that the MLF (medium-term Lending facilities) interest rate is likely to be cut by 5 to 10 basis points as early as June 15. (Securities Daily)