Galaxy Securities Chief Economist Zhang Jun: Central Bank may take greater measures to cut interest rates and reserve requirements

Jinshi data on December 9th, implemented a moderate easing monetary policy for the first time in 14 years. Zhang Jun believes that the Central Bank will take greater efforts to cut interest rates and reserve requirements, with a total policy interest rate reduction of 40-60 basis points (BP) throughout the year, guiding the 5-year LPR down by 60-100 BP. The total reserve requirement reduction may reach 150-250 BP throughout the year.