[Industry News]: Central Bank: Reduce central bank policy interest rates

Financial Union, September 24. The State Council Information Office held a press conference this morning. The main leaders of the People's Bank of China, the State Administration for Financial Supervision, and the China Securities Regulatory Commission of China introduced the situation of financial support for high-quality economic development. A number of key policies were launched at the same time to increase the intensity of monetary policy regulation and further support stable economic growth. The main person in charge of the People's Bank of China said that it will lower the central bank's policy interest rate and cut the 7-day reverse repo operation rate by 0.2 percentage points, from the current 1.7% to 1.5%, guiding the loan market quoted interest rate and deposit interest rate to decline simultaneously, and keeping the net interest margin of commercial banks stable.