According to a report by Jinshi Data, experts indicate that the uncertainty of the external environment in the second half of the year is significant, and it is necessary to boost domestic demand and support foreign trade through moderately loose monetary policy. It is expected that there may be 1 to 2 interest rate cuts in the second half of the year, totaling a reduction of 20 to 30 basis points in the policy interest rate.
Zhang Jun, chief economist at Galaxy Securities, pointed out that interest rate cuts will guide the LPR downward and further transmit to the decline in loan and deposit rates. Yi Han, chief macroeconomist at Huatai Securities, believes that new policy financial tools are expected to be introduced within the year, which may allow policy banks to issue financial bonds to raise funds, supplementing the capital for projects such as technological innovation and foreign trade, with an estimated quota of 500 billion to 1 trillion yuan this year.