Pan Gongsheng: This year, we will choose the right time to cut the reserve requirement ratio and interest rates

ChainCatcher news, according to the Securities Times, People's Bank of China Governor Pan Gongsheng stated at the economic theme press conference of the third session of the 14th National People's Congress that since last year, the effects of counter-cyclical adjustments in monetary policy have been quite evident. The orientation of monetary policy is a description of the current state. This year, adjustments to the reserve requirement ratio and interest rates will be made at an opportune time based on domestic and international economic and financial conditions, as well as the situation in the financial markets. Currently, there is still room for a decrease in the reserve requirement ratio.