Pan Gongsheng: This year, we will choose an opportunity to cut interest rates."
According to online reports, Pan Gongsheng, Governor of the People's Bank of China, said at the economic theme press conference of the Third Session of the 14th National People's Congress that the countercyclical adjustment effect of monetary policy has been relatively obvious since last year. The monetary policy orientation is a description of the state. This year will be based on domestic and foreign economic and financial market conditions, we will choose opportunities to reduce the reserve rate and interest rates. Currently, there is still room for decline in the deposit reserve ratio. (Securities Times)
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