Core Insights - The latest C50 Wind Direction Index survey indicates a rising expectation for a new round of deposit rate cuts following the recent "double reduction" in monetary policy [1] Group 1: Monetary Policy Outlook - 19 out of 20 surveyed market institutions believe that monetary policy will exhibit a sustained easing trend in the second quarter [1] - 16 institutions expect the monetary policy to maintain a loose tone through 2025 [1] Group 2: Interest Rate Expectations - 17 market institutions anticipate a 10 basis points (BP) reduction in policy rates, which would lead to a simultaneous 10 BP decrease in both the 1-year and 5-year Loan Prime Rates (LPR) [1] - A new round of deposit rate cuts is likely to commence as a result of these anticipated changes [1] Group 3: Policy Tools - To complement the monetary policy adjustments, the relaunch of the Pledged Supplementary Lending (PSL) is expected [1]