The central bank announced that it will cut the reserve requirement ratio and interest rate at the right time. What is the sign of "opportunity"?-中国通讯社

The central bank announced that it will cut the reserve requirement ratio and interest rate at the right time. What is the sign of "opportunity"? Expert interpretation

The reporter learned from the People's Bank of China yesterday (4th) that the tone of my country's monetary policy in 2025 is "moderate easing". A variety of monetary policy tools will be comprehensively used to lower the reserve requirement ratio and interest rates based on the domestic and international economic and financial situation and the operation of the financial market, to maintain abundant liquidity and the total financial volume will grow steadily.

What is the purpose of reducing the reserve requirement ratio and interest rate?

What is the sign of "choose the opportunity"?

So, what is the purpose of reducing the reserve requirement ratio and interest rate? Is it part of a moderately loose monetary policy? What signal is used to mark "opportunity"? Experts interpret it↓

Dong Ximiao, chief researcher of China Merchants Union: "Reducing the reserve requirement ratio" means reducing the reserve requirement ratio, which is a measure with greater policy strength. Specifically, on the one hand, the reserve requirement ratio will inject more long-term funds into the market, maintain sufficient market liquidity, and better meet the financing needs of enterprises and residents; on the other hand, it will help banks reduce capital costs, maintain the sustainability of serving the real economy, and promote the reduction of financing costs of enterprises and residents. At present, the weighted average reserve requirement ratio of my country's financial institutions is 6.6%, and there is both room and need to lower the reserve requirement ratio. It is expected that the People's Bank of China will implement reserve requirement ratio cuts several times in 2025.

Dong Ximiao, chief researcher of China Merchants Union: "Rate cuts" generally refer to reducing deposit interest rates and loan interest rates. It is expected that the People's Bank of China will continue to lower the interest rates of policy instruments in 2025, guide banks to lower deposit interest rates, promote the continued decline of the loan market quotation interest rate (LPR), and thus reduce the actual interest rate of loans, promote a steady decline in corporate financing and resident credit costs, and reduce the expenditure on interest rates of enterprises and residents.

The central bank announced that it will cut the reserve requirement ratio and interest rate cut at an appropriate time. What is the sign of

Chief Researcher of the China Union Network: The 2025 People's Bank of China Work Conference proposed that the reserve requirement ratio and interest rate cut at an appropriate time based on the domestic and international economic and financial situation and the operation of the financial market. This is not only an important manifestation of moderate easing in monetary policy, but also an important means to achieve moderate easing. If external unstable factors increase and the downward pressure on the domestic economy increases, the time point for lowering the reserve requirement ratio and interest rate cuts will be advanced and the intensity will be increased; if the domestic economy recovers and recovers steadily, the necessity and possibility of lowering the reserve requirement ratio and interest rate cuts may decline. In short, the moderately loose monetary policy in 2025 will increase countercyclical and cross-cycle adjustment efforts, and will be more forward-looking, effective and targeted, creating a more suitable monetary and financial environment for stabilizing growth, promoting consumption, and expanding domestic demand.

Moderately loose monetary policy

How to support the real economy?

In 2025, my country's monetary policy stance shifted from "prudent" to "moderate easing". How can the "moderate easing" monetary policy support the real economy? How to do it specifically?

CCTV reporters from the Central Station interviewed the heads of relevant departments of the People's Bank of China and gave an authoritative interpretation of hot issues.

In 2025, my country will further improve the market-oriented interest rate regulation mechanism, continue to strengthen the implementation of interest rate policies, strengthen interest rate self-discipline management, improve banks' independent and rational pricing capabilities, and take into account the stable operation of the banking industry and the social comprehensive financing costs have been steadily reduced, creating a favorable interest rate environment for promoting consumption and expanding investment.

The central bank announced that it will cut the reserve requirement ratio and interest rate cuts at an appropriate time. What is the sign of

Zou Lan, Director of the Monetary Policy Department of the People's Bank of China: Maintain reasonable growth in the total financial volume, comprehensively use a variety of monetary policy tools, maintain a abundant liquidity, and guide financial institutions to deeply explore effective financing needs, so that the scale of social financing and money supply will grow, match the expected targets of economic growth and total price level.

The central bank announced that it will cut the reserve requirement ratio and interest rate cuts at an appropriate time What is the sign of

In 2025, my country should give full play to the dual functions of monetary policy tools, guide more investment in urgently needed areas, and continuously improve the efficiency of financial support for economic structural adjustment, transformation and upgrading, and the transformation of new and old kinetic energy.