The Central Bank may cut interest rates again in 2024, but the timing of the rate cut may be later

Sina Financial News Some market views believe that there is still a possibility of interest rate cuts after the RRR cut. Wen Bin, chief economist of Minsheng Bank, said that under the combined effect of the RRR cut to release trillions of yuan of liquidity, targeted interest rate cuts and the reduction of deposit Intrerest Rate in the previous period, the probability of LPR (loan market quotation Intrerest Rate) reduction in February has increased, promoting a steady decline in financing costs. In the bottoming phase of aggregate demand, the possibility of a reduction in the MLF (Medium-term Lending Facility) Intrerest Rate also exists due to countercyclical adjustment, but there is uncertainty about whether it will be cut in February. Bian Quanshui, chief macro analyst of Western Securities, said in an interview that the current inflation growth rate is still negative, the actual Intrerest Rate is at a high level, and interest rates may be cut again in Central Bank 2024, but the timing of interest rate cuts may be later.