Core Viewpoint - The central bank's decision to lower the reserve requirement ratio (RRR) is a significant monetary policy adjustment that directly impacts economic operations and individual asset allocation, affecting mortgage payments, deposit interest rates, and investment returns [1][4]. Group 1: Impact on Mortgage Borrowers - The immediate benefit for mortgage borrowers is the potential for lower interest rates, with both new and existing mortgage rates likely to decrease following the RRR cut [5][6]. - Borrowers who have not yet converted to the Loan Prime Rate (LPR) should consider this option to benefit from future rate reductions, as fixed rates will not capture these potential savings [6]. - Optimizing the mortgage repricing cycle can allow borrowers to enjoy lower rates sooner, with banks now permitting negotiations on repricing periods [6]. Group 2: Impact on Depositors - Following the RRR cut, deposit interest rates are expected to decline, with significant differences in rates among large state-owned banks, joint-stock banks, and smaller banks [7][8]. - Depositors should focus on selecting the right bank and term for their deposits to maximize interest earnings, as current low rates on demand deposits are insufficient for long-term savings [7]. - Strategies such as the "ladder deposit method" and "tiered interest" products can enhance returns, allowing for flexibility and better interest rates [9]. Group 3: Impact on Investors - The decline in market interest rates post-RRR cut has altered the yield structure of investment products, with a shift towards more conservative investment strategies becoming prevalent among investors [10]. - Fixed-income products are recommended as a foundational investment, particularly for those with lower risk tolerance, while bond funds and index funds are seen as favorable options in the current environment [10]. - Investors should be cautious of high-yield traps, as products with significantly higher returns often carry increased risks, and should avoid impulsive investment decisions based on market fluctuations [11][12].