Odaily星球日报讯 中国人民银行行长潘功胜 24 日在国新办新闻发布会上宣布，降低存款准备金率和政策利率。近期将降准 0.5 个百分点，释放长期流动性 1 万亿元，年底前可能还会择机再降准 0.25-0.5 个百分点。 同时，降低央行政策利率，七天期逆回购操作利率降低 0.2 个百分点，引导贷款市场报价利率（LPR）同步下行。（金十）

Odaily星球日报讯 中国人民银行行长潘功胜 24 日在国新办新闻发布会上宣布，降低存款准备金率和政策利率。近期将降准 0.5 个百分点，释放长期流动性 1 万亿元，年底前可能还会择机再降准 0.25-0.5 个百分点。同时，降低央行政策利率，七天期逆回购操作利率降低 0.2 个百分点，引导贷款市场报价利率（LPR）同步下行。（金十）

央行宣布降息降准

The People's Bank of China Governor Pan Gongshen announced on the 24th at the State Council Information Office press conference that the reserve requirement ratio and policy interest rate will be lowered. The reserve requirement ratio will be lowered by 0.5 percentage points in the near future, releasing 1 trillion yuan of long-term liquidity, and there may be another 0.25-0.5 percentage point cut in the reserve requirement ratio by the end of the year. At the same time, the central bank's policy interest rate will be lowered, with the 7-day reverse repo operation rate lowered by 0.2 percentage points, guiding the Loan Prime Rate (LPR) to decline in tandem. (Gold Ten)

Odaily Odaily News: Pan Gongsheng, governor of the People&#39;s Bank of China, announced at a press conference of the State Council Information Office on the 24th that the deposit reserve ratio and policy interest rate will be reduced. In the near future, the reserve ratio will be reduced by 0.5 percentage points, releasing 1 trillion yuan of long-term liquidity, and it may be reduced by another 0.25-0.5 percentage points before the end of the year. At the same time, the central bank&#39;s policy interest rate will be reduced, and the seven-day reverse repurchase operation interest rate will be reduced by 0.2 percentage points, guiding the loan market quotation rate (LPR) to decline simultaneously. (Jinshi)

The central bank announced a rate cut and reserve requirement ratio cut

Odaily reported that Federal Reserve Governor Goolsbee stated that it is reasonable to start cutting interest rates by 50 basis points. The Federal Reserve is returning to its normal dual mandate mode, and the current interest rate level is hundreds of basis points higher than the neutral rate. Before the recent rate cuts, the decline in inflation meant that the Federal Reserve has been tightening policy. If the situation continues, there will be a large number of rate cuts in the next 12 months, and there is still a long way to go before the interest rate can be lowered to a level close to the neutral rate.

Fed's Goolsbee: There may be a lot of rate cuts in the next 12 months, and it is reasonable to start with a 50 basis point rate cut

Odaily News: According to Hartnett, a well-known strategist at Bank of America, the market's current reaction to the Federal Reserve's 50-basis-point rate cut seems to be following the "soft cut" or "panic cut" script. The US stock and credit markets are digesting the expectation that the Federal Reserve will cut rates by 250 basis points by the end of 2025 and that S&P 500 earnings will grow 18%. "The risk is not that great, so investors are forced to chase the rally," and "bubble risk" is making a comeback. Hartnett explained in his latest report that on Wall Street, "panic cuts" are the preferred option when there is no panic (at least not yet). At the same time, the Federal Reserve hopes to cut rates by 50 basis points so that the real interest rate can decline from its highest level this century, preventing the small business sector, which is already in recession, from further layoffs.

Bank of America: The current market reaction to the Fed's 50bp rate cut seems to be following the script of "soft rate cut" or "panic rate cut"

Odaily Planet Daily Report: Jarrod Kerr, Chief Economist at Judo Bank in New Zealand, stated that the latest economic report in New Zealand proves that the restrictive monetary policy has caused damage sufficient to curb inflationary pressures. He said that the Reserve Bank of New Zealand is responding, but it is too late. A 50-basis-point rate cut in October is almost a done deal, and Kerr advocates a further 50-basis-point rate cut in November. Kerr stated that the official cash rate needs to decline at a pace of up to 300 basis points.