Central Bank: There is still room for reserve requirement ratio and interest rate cuts this year.

Zou Lan, spokesperson and vice governor of the People's Bank of China, stated at a press conference held by the State Council Information Office on January 15 that there is still room for further reductions in the reserve requirement ratio and interest rates this year. Currently, the average required reserve ratio for financial institutions is 6.3%, indicating that there is still room for further reductions.