The front page of China Securities Daily: There is room for RRR cuts and interest rate cuts to help create a good monetary and financial environment

On May 8th, the article said that the market's recent discussions on the RRR cut and interest rate cut are heating up. Experts said that in the context of accelerating the issuance of government bonds and the issuance of ultra-long-term special government bonds, the RRR cut can better provide medium and long-term liquidity, and the opportunity to cut interest rates can further reduce the financing cost of the real economy and help create a good monetary and financial environment. From the time point of view, the probability of the RRR cut in the second quarter is too high. Industry insiders believe that the fiscal policy in the second quarter will be significantly strengthened, and government bonds, especially ultra-long-term special government bonds, should be issued as soon as possible. In order to avoid short-term liquidity constraints and excessive interest rate fluctuations, the central bank will cut the RRR to release long-term