Pan Gongsheng, governor of the People's Bank of China, said at the economic theme press conference of the third session of the 14th National People's Congress that since last year, the counter-cyclical adjustment effect of monetary policy has been relatively obvious, and the orientation of monetary policy is a description of the state. This year, according to the domestic and foreign economic and financial situation and financial marekt situation, the RRR will be cut and interest rates will be cut at an opportunity. At present, there is still room for decline in the deposit reserve ratio. (Securities Times)