Director of monetary policy department of the People's Bank of China, Zou Lan, said at a press conference on the 5th that the average statutory reserve ratio of financial institutions is currently about 7%, with some room for further decrease. The People's Bank of China will reasonably grasp the intensity and pace of monetary policy regulation based on the recovery of the economy, the achievement of targets, and the specific problems facing the macroeconomic operation.
央行：法定存款准备金利率还有一定下降空间
Central Bank: There is still some room for a certain decrease in the statutory reserve ratio.
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