I saw others say that this direct interest rate cut of 50 basis points is a manifestation of economic crisis. I don’t agree with this. In fact, everyone who has been speculating in cryptocurrencies recently knows that the interest rate should have been cut at the end of July, but it was unexpectedly not cut, and many economic data were revised afterwards, that is, the previously published data were revised again, which means:

The relevant data of the statistical department was not true at the time and did not reflect the actual situation

This also caused the misjudgment in July

Based on this, this 50 basis point interest rate cut is equivalent to making up for the previous mistakes, that’s all. The official will definitely not say that this is due to their negligence in work. After all, this kind of thing is too embarrassing, so I feel that a 50 basis point cut is normal and there is nothing unexpected.

Of course, if it is a 25 basis point cut, it means that the official is still a bit conservative.