NOT A TEACHER
Take a look here, definition #2.
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 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 - if you don't use correct capitalisation, punctuation and spacing, anything you write will be incorrect.
How can I know which tense should be used?
Banks (third person plural) plan (third person plural) to expand credit ...
Could you give me some links about the use of the simple present to refer to the present?Banks are planning to expand credit ...
I can't figure out the difference between them.