Expert: It is expected that before and after the end of the third quarter, the central bank may implement another round of reserve requirement ratio cuts and interest rate cuts.

Industry experts believe that factors such as the macroeconomic situation, bank interest rate spread, macro leverage ratio, and monetary policies of major developed economies may affect the "timely decision-making" of China's monetary policy operations in the second half of the year. Monetary policy is expected to further promote the downward trend in the overall social financing cost and help optimize economic structural adjustments. There is space for both reserve requirement ratio cuts and interest rate cuts, with the possibility of implementation. "In the next stage, monetary policy will further focus on reducing the financing cost for the real economy and guiding financial institutions to increase the intensity of monetary credit issuance." Wang Qing believes that the most effective policy tools are interest rate cuts and reserve requirement ratio cuts. It is expected that around the end of the third quarter, the central bank may once again implement reserve requirement ratio cuts and interest rate cuts, which will be an important push for promoting consumption, expanding investment, and guiding a moderate increase in the price level in the second half of the year.