Central Bank: There is still some room for RRR cuts and interest rate cuts this year

2026-01-15 07:48:24

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Deep Tide TechFlow News, January 15 — According to Jinshi Data, People’s Bank of China spokesperson and Vice Governor Zou Lan stated at a State Council Information Office press conference on January 15 that there is still room for reserve ratio and interest rate cuts this year. Regarding the statutory deposit reserve ratio, the current average reserve requirement ratio for financial institutions is 6.3%, leaving room for further reduction. From the perspective of policy interest rates, externally, the RMB exchange rate remains relatively stable, and the US dollar is in a rate-cutting cycle, so the exchange rate does not pose a strong constraint; internally, since 2025, bank net interest margins have shown signs of stabilization. In 2026, there will be large-scale maturities of 3-year and 5-year long-term deposits. The recent adjustments to various structural monetary policy tool rates will help reduce banks’ interest expenses, stabilize net interest margins, and create some space for rate cuts. (Securities Times)

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