The Governor of the People’s Bank of China: We will lower the reserve requirement ratio and interest rates at an appropriate time this year!

The Governor of the People’s Bank of China: We will lower the reserve requirement ratio and interest rates at an appropriate time this year!

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 on March 6 that this year, we will lower the reserve requirement ratio and interest rates at an appropriate time based on the domestic and international economic and financial situation and the operation of the financial market.

At present, the average deposit reserve ratio of financial institutions is 6.6%, and there is still room for downward movement. We can also study the reduction of the interest rate of structural monetary policy tools. Further expand the scale of re-loans for scientific and technological innovation and technological transformation, and broaden the coverage of policy support.