Wang Qing: It is expected that the annual policy interest rate cut will reach 0.6 percentage points, and the annual reserve requirement ratio cut will reach 1 percentage point.

GoldenOctober2024

Jin10 data May 7 news, Wang Qing, chief macro analyst at Orient Jincheng, interpreted that the Central Bank’s recent comprehensive monetary policy measures have made a strong push in three directions: quantity-based policies, price-based policies, and structural monetary policies. It is expected that in the second half of the year, the Central Bank will continue to implement interest rate cuts and reserve requirement ratio reductions, estimating that the annual policy interest rate cut will reach 0.6 percentage points, and the annual reserve requirement ratio reduction will reach 1 percentage point.

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