Group 1 - The State Council has decided to lower the reserve requirement ratio (RRR) to enhance banks' lending capacity and support the real economy, particularly sectors severely impacted by the pandemic and small to medium-sized enterprises [1][2] - The recent RRR cut is seen as a timely and necessary measure to stabilize market expectations and promote counter-cyclical monetary policy, thereby stabilizing the overall economy [1] - Analysts expect the RRR cut to lead to a decrease in financing costs for the real economy, as it will lower banks' funding costs and potentially guide down the Loan Prime Rate (LPR) [2] Group 2 - The RRR cut is anticipated to be implemented soon, with April 15 being a potential date, coinciding with the maturity of medium-term lending facilities (MLF) [2] - There is a possibility of a simultaneous "comprehensive and targeted" RRR cut or a combination of RRR and interest rate cuts, as the domestic interest rate space remains sufficient [2] - The RRR cut does not exclude the possibility of a policy interest rate cut, which could help stabilize the real estate market and further reduce financing costs for the real economy [2]
专家：降准最快或在本周五落地 全面降准概率大
Xin Hua Wang·2025-08-12 06:27