🎉 [Gate 30 Million Milestone] Share Your Gate Moment & Win Exclusive Gifts!
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Guosheng Securities Chief Economist Xiong Yuan: Further RRR and interest rate cuts can be expected in 2025
Jinshi data, December 31st, the reserve reduction, Xiongyuan expects 2-3 reserve reductions in 2025, with a range of 50-100 BP. According to past experience, the rise of the economy itself needs to be supported by the release of medium and long-term funds through reserve reductions. Since 2020, there have been 1-2 reserve reductions each year, with a range of 50-100 BP. In terms of interest rate cuts, Xiongyuan expects a cut of around 40 BP or even higher, mainly because the current level of 'actual interest rate - CPI' is about 3.4%, which is still relatively high. Further interest rate cuts are still necessary in 2025. (Everyday Economic News)