The central bank has decided to cut interest rates and reserve requirements. It feels like the era of global money supply is coming again. You have to seize these few years. You see, the world is like a large-scale makeshift team. Countries around the world follow the Fed. If you cut interest rates and release money, I will follow. Everyone releases money together, and no one will give in. Anyway, printing money seems to have no cost. If there is no money, just release it quickly. If there is too much money, take it back. It goes on and on, and it keeps circulating.
Xiaoxian’s opinion is: there are pros and cons to cutting interest rates and reserve requirements. On the positive side, it becomes easier to get loans, and consumption and employment may also improve. But the bad thing is that the interest on savings is less, the investment risk is high, and once the exchange rate changes, traveling abroad and buying imported goods will be affected. We old friends have to think carefully before making a decision based on our actual situation.
