Will there be a rate cut in the second half of the year?The central bank answers a wealth | first-hand

On July 13, at the press conference held by the State Council Information Office on the financial statistics for the first half of 2022, Zou Lan, director of the Monetary Policy Department of the People’s Bank of China, answered questions from a reporter from China Business News about monetary policy and whether to cut the reserve ratio or interest rate. He said that in the future, the People’s Bank of China will, in accordance with the deployment of the Party Central Committee and the State Council, comprehensively consider economic growth, price situation and other fundamentals, rationally match monetary policy tools, maintain reasonably sufficient liquidity, and further promote financial institutions to reduce corporate financing costs, in order to consolidate the economy. Restoring the creation of a suitable monetary and financial environment.