Wang Qing: The landing time of "choosing the opportunity to cut the reserve ratio and interest rate" may be advanced to April

On April 10, Wang Qing, chief macro analyst of Dongfang Jincheng, analyzed that considering the current changes in the external economic and trade environment, the trend of the domestic real estate market and the price level, the conditions for "choosing the opportunity to cut interest rates" in the second quarter are ripe, and the landing time may be advanced to April. < b > It is expected that this round of interest rate cuts may reach 0.3 percentage points , which is equivalent to the annual level in 2024; < b > The rate of interest rate cuts may reach 0.5 percentage points , releasing about 1 trillion yuan of long-term funds. "Recently, the yield of 10-year government bonds has fallen significantly, and it is at a low level, or the effect of interest rate cuts has been overdrawn to a certain extent." Wang Qing believes that in order to maintain the smooth operation of capital markets, in addition to the central bank's re-lending support for Huijin, the central bank's two special project tools for capital markets may concentrate their efforts. In addition, it does not rule out the possibility of the central bank setting up new structural monetary policy tools according to actual needs.