On the 24th, the State Council Information Office held a press conference on financial support for high-quality economic development. At the meeting, Pan Gongsheng, governor of the People's Bank of China, announced that the deposit reserve ratio and policy interest rate would be lowered. In the near future, the reserve requirement ratio will be lowered by 0.5 percentage points, providing long-term liquidity of about 1 trillion yuan to the financial market; Within this year, depending on the market liquidity situation, the reserve requirement ratio may be further lowered by 0.25-0.5 percentage points at an appropriate time. Reduce the policy interest rate of the central bank, namely the 7-day reverse repo operation rate, by 0.2 percentage points, from the current 1.7% to 1.5%. At the same time, guide the loan market quotation rate and deposit rate to decline synchronously, and maintain the stability of the net interest margin of commercial banks. (New Society)