Experts weigh in on central bank move to cut RRR

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Lyu Suiqi, professor at the School of Economics Peking University

The move marks the central bank's policy direction in countercyclical adjustment. As a measure to keep employment, the financial sector, foreign trade, foreign and domestic investments, and expectations stable, it highlights the confidence and ability of the Chinese government.

The RRR cut can keep market liquidity at a reasonably ample level and further optimize liquidity structure. In terms of the direction of monetary policy, Lyu said the central bank will stick to prudent monetary policy, and avoid a flood-like stimulus.

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