【SMM Steel Market Morning News: Pan Gongsheng, Governor of the People's Bank of China: There is still room for further reserve requirement ratio cuts, and Powell, Chairman of the Federal Reserve: Will not wait for the inflation rate to reach 2% to cut interest rates】The 14th National People's Congress held a press conference at 3 pm on March 6. Pan Gongsheng, Governor of the People's Bank of China, stated at the press conference that overall, the reasonable growth in the total amount will be maintained. Currently, the statutory reserve requirement ratio averages 7%, and there is still room for further reserve requirement ratio cuts. A variety of monetary policy tools will be comprehensively used to increase countercyclical adjustments, maintain reasonable and adequate liquidity, support stable growth in the scale of social financing and the total amount of money and credit, and balance allocation······
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