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  1. #1
    anhnha's Avatar
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    Default Banks plan to expand credit in the second half by slashing interest rates

    Hi,
    I have just read this sentence in this link:Banks eye rate cuts to boost lending - Economy - VietNam News
    " Banks plan to expand credit in the second half by slashing interest rates and offering preferential loans to companies."
    In this sentence the verb "plan" is used with the present simple tense, I feel confused about two ways of understanding this sentence.
    1. The use of present simple tense means that the action "to plan" is repeated and banks always do it.
    2.
    The use of present simple tense means that at present bank is planning. I know that the present simple tense can be used to say about the present and it make me confused. Many times I can't choose which tense I should use "present simple tense or progressive tense".
    I am not sure what I understanding is correct or not, therefore please help me get out of this?
    Thanks for help!


  2. #2
    Chicken Sandwich's Avatar
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    Default Re: Banks plan to expand credit in the second half by slashing interest rates

    NOT A TEACHER

    Take a look here, definition #2.

  3. #3
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    Default Re: Banks plan to expand credit in the second half by slashing interest rates

    Quote Originally Posted by anhnha View Post
    Hi,
    I have just read this sentence in this link:Banks eye rate cuts to boost lending - Economy - VietNam News
    " Banks plan to expand credit in the second half by slashing interest rates and offering preferential loans to companies."
    In this sentence the verb "plan" is used with the present simple tense, I feel confused about two ways of understanding this sentence.
    1. The use of present simple tense means that the action "to plan" is repeated and banks always do it.
    2.
    The use of present simple tense means that at present bank is planning. I know that the present simple tense can be used to say about the present and it make me confused. Many times I can't choose which tense I should use "present simple tense or progressive tense".
    I am not sure what I understanding is correct or not, therefore please help me get out of this?
    Thanks for help!

    It is the simple present used to refer to the present. Banks (third person plural) plan (third person plural) to expand credit ...

    It could be reworded "Banks are planning to expand credit ..." although that suggests that they have already started work on it. I would say that in your piece, "plan" simply means "intend".

    Banks intend to expand credit ... by slashing interest rates ...
    Remember - correct capitalisation, punctuation and spacing make posts much easier to read.

  4. #4
    anhnha's Avatar
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    Default Re: Banks plan to expand credit in the second half by slashing interest rates

    Thank you!
    How can I know which tense should be used?
    Banks (third person plural) plan (third person plural) to expand credit ...
    Banks are planning to expand credit ...
    Could you give me some links about the use of the simple present to refer to the present?
    I can't figure out the difference between them.

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