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China's monetary policy is likely to stay accommodative in the second half of the year as the latest economic and financial indicators point to the need for further policy support while growing expectations of US interest rate cuts create more room for easing, market analysts said on Monday. ▲ A woman shows banknotes and coins included in the 2019 edition of the fifth series of the renminbi. [Photo/Xinhua] They said there is quite a strong possibility of cuts to both loan interest rates and the reserve requirement ratio — the amount of deposits that banks must keep as reserve — in the rest of the year. On Monday, China unveiled its first-half economic growth figure of 5 percent year-on-year, in line with the country's GDP growth target for the full year. However, the country's second-quarter GDP growth slowed to 4.7 percent, lower than expectations and down from 5.3 percent in the first quarter. Financial data also pointed to tepid credit demand. The increment in aggregate social
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