FAP, 20 Jun (FAP)-- with the "groundwork" of a 10 basis point cut in the operating rate of MLF (medium-term Lending facilities) on June 15, a new LPR (quoted interest rate in the loan Market) cut on June 20 is a high probability event. A number of experts believe that the reduction of LPR can effectively reduce financing costs and is expected to promote the transfer of household savings to consumption and investment. As for what follow-up policy measures can be expected, Citic Securities Research News believes that reserve requirements may be cut in the third quarter; in addition, structural monetary policy tools will be expanded or the next step; and fiscal policy may make efforts to reduce taxes and fees. (Securities Daily)