According to the Securities Times, looking ahead, CITIC's Chief Economist Mingming stated that the recent Central Economic Work Conference has set the tone for the next stage of MMF policy as "moderately loose," while also mentioning "timely interest rate cuts and reserve requirement ratio reductions." There is still room for subsequent LPR reductions. In addition, under the demand for optimizing the quality of LPR Quotes, there may also be considerable room for unilateral LPR reductions. Wang Qing, Chief Macroeconomic Analyst at Dongfang Jincheng, believes that under the moderate easing of the monetary policy tone, it is expected that the People's Bank of China will continue to implement substantial interest rate cuts, with policy rates likely to be lowered by 0.5 percentage points, which will guide LPR Quotes to follow suit in lowering. At the same time, there is also the possibility of continuing to implement targeted interest rate cuts for residential mortgages by guiding the decline of LPR for terms over five years.