Li Xunlei: There is also room to cut interest rates after a targeted downgrade, see if it may fall in 3 months

Li Xunlei: There is also room to cut interest rates after a targeted downgrade, see if it may fall in 3 months
Following the comprehensive downgrade in January of this year, it was announced on March 13 of the year that it decided to implement a targeted reduction in inclusive finance on March 16, 2020, which would be reduced to 0 for banks that meet the assessment criteria.5 to 1 advantage.In addition, there is an additional exception to the targeted reduction of eligible stock banks to support the issuance of loans in the financial sector.A total of 550 billion yuan of long-term funds have been released through the above targeted reduction.Interest rate cuts are also on the way.Li Xunlei, chief economist of Zhongtai Securities, told Sauna and Yeewang that there is room for interest rate cuts by monetary policy tools such as MLF (medium-term lending facility), but they need to be implemented in stages. If the 3-month data falls, then the rate cut may be more secure at that timesome.Pan Helin, Executive Dean of the Digital Economic Research Institute of Zhongnan University of Economics and Law, also believes that from the perspective of international financial markets, domestic macroeconomics, and industrial chains, there should be room for comprehensive RRR cuts and interest rate cuts in the future.The chief analyst of CITIC Securities’ fixed income clearly expected the rate cut to be earlier.He believes that the financial data in February was lower than expected, and the short-term domestic economy has shown weak demand and tight credit characteristics. With the spread of the overseas epidemic, the global interest rate cuts have been opened. Considering the need to hedge the epidemic and the space between China and the United States, it is more appropriate.The time has come for a rate cut.The MLF interest rate cut may be at sunset on March 16. It is expected to lower the 5-10 basis points to guide the 20-day LPR (loan market quoted interest rate) to continue to fall, releasing more “flexible and moderate” monetary policy signals.In February, it is expected that the reverse repurchase and MLF rates have been lowered successively, driving LPR quotations down in February.Sauna, Ye Wang Cheng Weimiao Editing Li Weijia Proofreading Li Xiangling