On April 3, in response to the issue of lowering the benchmark interest rate for deposits, Liu Guoqiang, deputy governor of the People's Bank of China, said at a press conference that the deposit interest rate is a ballast stone of the interest rate system, and it must be considered more in practice. Now the CPI is significantly higher than the one-year deposit rate. The deposit rate is 1.5% and the CPI is 5.3%. This issue needs to be considered. In addition, economic growth, internal and external balance factors, and whether interest rates are too low will increase pressure on currency devaluation. In particular, the deposit interest rate has a more direct relationship with ordinary people and can be used as a tool for monetary policy, but it must be fully evaluated and considered by the people. (Edited by Zhou Yan)
Editor-in-chief: [Ye Pan]