Expert: The Federal Reserve's interest rate cut provides greater room for maneuver for our country's monetary policy.
According to Securities Daily, the Federal Reserve's resumption of interest rate cuts has brought greater operating space for China's monetary policy. Experts believe that the Fed's rate cuts have reduced the external pressure faced by China's monetary policy, and may lead to a new round of reserve requirement ratio cuts and interest rate cuts. CITIC Securities stated that the Chinese central bank will continue to support economic recovery through "reserve requirement ratio cuts + interest rate cuts + open market operations". The Huiguan Information Technology Research Institute stated that although the Fed's rate cuts have brought greater operating space, China's monetary policy will still be determined by its own economic conditions when deciding on interest rate cuts. At the same time, a weaker US dollar may lead to the appreciation of the Chinese yuan, but the yuan exchange rate is expected to remain stable. Global investors may increase their investments in yuan assets, further supporting the Chinese market.
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