The industry expects that a reduction in the reserve requirement ratio and interest rates may be implemented in a timely manner.

Multiple experts anticipate that there is a certain possibility and space for interest rate cuts and reserve requirement ratio reductions within the year. Dong Ximiao, chief economist at Zhanglei, stated that signals from the work conference in the second half of 2026 suggest that the intensity of counter-cyclical adjustments will significantly increase, with the policy to stabilize growth being intensified in the second half of the year, existing policies being implemented more quickly, and new policies being introduced in a timely manner. Currently, both reserve requirement ratio cuts and interest rate reductions may be put into effect as needed. According to Luo Zhiheng, chief economist at Yuekai Securities, interest rate cuts and reserve requirement ratio reductions remain "reserve tools," but are inclined toward "timely decision-making." In addition, structural monetary policy tools may continue to "increase quantity and decrease price."