Central bank regulators Financial Times article states that industry insiders say there is still room for interest rate cuts and trade-offs between internal and external pressures. Industry insiders believe that guiding deposit rates downwards can moderately slow the narrowing of bank net interest margins, but it will also affect consumer consumption and prevent irregular behaviors such as 'manual interest payments'. On the whole, balancing the bank's sustainable service of the real economy requires further lowering of interest rates. In addition, in terms of exchange rates, due to fluctuations in the market's expectations for the Fed's interest rate cuts, US policy rates remain high intermittently. Although compared to the yen, won, and major emerging market economies whose currencies have generally depreciated by more than 5%, the renminbi exchange rate is the most resilient, but interest rate adjustments also need to consider its impact on exchange rates.