Deposit and loan interest rates are likely to be cut before the end of the second quarter. Reason: GDP growth is slowing down, the trade deficit is emerging, foreign exchange holdings are significantly reduced, and CPI is declining, all of which are conducive to interest rate cuts. The deposit reserve ratio will be lowered every two months, and the deposit reserve ratio will be used flexibly, because both the growth rate of M1 and M0 have been lower than the same period. In addition, there has been a significant reduction in lending, and there are signs of a slight relaxation of monetary policy.